Bank Cards: Fees and Charges — Written Question

Question

Mr Angus MacDonald

Liberal Democrat — Inverness, Skye and West Ross-shire

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of rising transaction fees for non-European Economic Area cards on small businesses in (a) the Highlands and (b) other tourist areas; and whether

Answer

Tulip Siddiq

The Government is committed to promoting competition in the payments sector and recognises the importance of ensuring the fees charged for card payments are fair for all parties, including merchants. Card transaction fees are made up of different componen...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 5158) →