Companies can no longer add surcharge for card payments

Companies can no longer add surcharge for card payments

Assessment

Interactive Video

Business

University

Hard

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The video discusses the ban on surcharges for card payments in the UK, highlighting consumer frustration with hidden fees. It explains the impact on retailers, who argue that these fees cover high costs from credit card companies. Some businesses have adapted by introducing blanket service charges, while others maintain low prices. Consumers are encouraged to seek the best deals, as the new rules aim to simplify shopping by ensuring prices are consistent regardless of payment method.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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