Mastercard to push up fees for UK purchases from EU

By TPN/Lusa, in News, Business · 26-01-2021 09:00:00 · 1 Comments

The credit card giant attributed the move to the UK leaving the EU

Mastercard is to raise the fees it charges merchants when UK cardholders buy goods and services online from the EU by fivefold. It has sparked fears that consumer prices could rise if merchants choose to pass on those costs, especially on items not available from UK retailers. Transactions with airlines, hotels, car rentals and holiday firms based in the EU could all be affected. The credit card giant attributed the move to the UK leaving the EU. BBC



Related articles


Comments:

Montepio have changed my debit card from visa to MasterCard so the banks new this was coming.
Determined to screw you over on all fronts.

By Peter shepherd from Lisbon on 28-01-2021 09:05
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.