MP backs ban on ‘excessive’ card payment surcharges

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Sheffield MP Clive Betts has backed a ban on ‘excessive surcharges’ for debit and credit card payments.

The Labour politician, who represents Sheffield South East, is asking people to report organisations that break the new rules.

The ban followed a two-year campaign by consumer magazine Which? backed by 50,000 people.

The new law means any surcharges paid must reflect the cost of processing the payment. Which? estimates this should be no more than 50p for debit cards, or two per cent of the transaction fee.

Mr Betts said: “It’s good news people in Sheffield will no longer have to pay over the odds when paying by card. I encourage anyone charged too much to report it to Trading Standards.”