Companies can no longer add surcharge for card payments

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.

What change has been implemented regarding card surcharges?

• They are only applicable to online transactions.

• They have been increased.

• They are now banned.

• They are only applicable to credit cards.

What is the justification businesses often give for surcharges?

• To comply with government regulations.

• To cover high costs from card companies.

• To discourage card usage.

• To increase their profit margins.

Why do small retailers believe the government is wrong to target them for surcharges?

• They only accept cash payments.

• They face higher fees for accepting certain cards.

• They do not charge any fees.

• They have already reduced their prices.

How have some companies responded to the new surcharge rules?

• By only accepting cash payments.

• By introducing a blanket service charge.

• By eliminating all fees.

• By increasing the surcharge for card payments.

What is the main message for consumers in the final section?

• To avoid online shopping.

• To always pay with cash.

• To seek out the best deals.

• To accept higher prices.