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OFT Rules Against Charging for Credit Card Use

OFT Rules Against Charging for Credit Card Use

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Wayground Content

FREE Resource

The video discusses the practice of drip pricing in the airline industry, where customers are enticed through multiple web pages before the true cost is revealed. The Office of Fair Trading (OFT) deems this practice misleading and calls for transparency, especially regarding debit card charges. While some companies like trainline.com do not impose such charges, others like EasyJet and Ryanair do. The OFT's review of the transport sector suggests that debit card charges should be eradicated within two years, though not all companies are compliant. Legal action may be considered against those unwilling to change.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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