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Showing results for tags 'â£700m'.

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Found 3 results

  1. A cap on the fees that banks charge businesses to process credit card payments could save UK retailers up to £700m a year. From December 9, the fees banks can charge will be capped at 0.3% for credit card transactions and at an average of 0.2% for domestic debit card transactions. It's hoped that retailers will pass on the savings to consumers. But a number of major credit card providers, have already scaled down cashback and loyalty point schemes, citing the forthcoming caps as the reason why. http://www.belfasttelegraph.co.uk/business/news/credit-card-fee-caps-could-sav
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