UK retailers scrutinise fees on credit, debit card sales

06/14/2010 | Times (London) (subscription required), The

The British Retail Consortium said retailers pay banks an average of 34p for each credit card transaction and 8.5p for debit card transactions. Retailers are voicing opposition to the fees. "There is no justification for such big differences in charges between cards and cash. With payment technology and efficiency developing, card charges should be going down, not up. In the end, it's customers who meet unfair costs in the prices they pay," said Stephen Robertson of the BRC.

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