The UK has agreed a trade deal with the Restaurant at the end of the universe?
When UK shoppers use their debit or credit cards to make purchases from EU-based businesses, Mastercard will more than quintupling fees and MPs for companies that rely on online payments and rising consumer prices. Raises concerns.
Mastercard and Visa will charge an “exchange” fee on behalf of the bank for all debit or credit card payments that use the network. The EU introduced a cap in 2015, fearing that hidden charges could cost companies hundreds of millions of euros and raise consumer prices.
2016-???????The Great Whinging
OB1 wrote: ↑Mon Jan 25, 2021 9:17 am Brexit: the gift that keeps on taking... Mastercard is set to raise the price of UK purchases from the EU
Mastercard to push up fees for UK purchases from EU
Credit card giant Mastercard is to raise the fees it charges merchants when UK cardholders buy goods and services from the EU by fivefold.
It has sparked fears that consumer prices could rise if merchants choose to pass on those costs, especially on items not available from UK retailers.
Transactions with airlines, hotels, car rentals and holiday firms based in the EU could all be affected.
Mastercard attributed the move to the UK's decision to leave the EU.
I get it, but is this just profiteering on behalf of SFR or have they now got additional costs to cover? A result of Brexit, but not actually Bojo's fault, unless he is charging VAT on Importing voice data.daveuprite wrote: ↑Mon Jan 25, 2021 5:08 pm I've made 2 mobile phone calls to my mum in dorset since the new year. From here in Limousin.
Before brexit they would have been negligibly cheap on my mobile contract. Just pennies. So small I never even noticed them.
But I just checked the bill on line. The first call was 6 minutes and cost 5 euros. The other call was 8 minutes and cost nearly 7 euros.
I checked with SFR and they attribute it directly to new billing arrangements since the UK left the EU.
When UK holidaymakers are again free to take their break in Spain, Greece or wherever there will be people unwittingly running up huge data roaming bills if they are not very careful.
In what perverted world is any of this beneficial?
