Central Bank to examine huge differences in card fees for retailers

The Central Bank is considering undertaking a major study of the fees that Irish retailers are charged to process card payments.

15th June, 2014

The Central Bank is considering undertaking a major study of the fees that Irish retailers are charged to process card payments.

Initial evidence from the bank's National Payments Plan (NPP) project team suggests major differences in the fees retailers are charged to process card payments.

A recent NPP survey of retailers found that while card acceptance was vital for retailers, eight out of ten said that accepting cards as a method of payment was expensive....

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