The fee for all is over — excessive payment surcharges banned for small businesses

By George Roberts

New regulations that ban businesses from imposing excessive fees on consumers making payments will extend to small businesses from 12 June 2014.

The Consumer Rights (Payment Surcharges) Regulations 2012 — the first of many legislative changes that form part of the major ongoing overhaul of consumer protection legislation — came into force for most businesses on 6 April 2013.

However, there was a temporary exemption for small businesses and some new businesses that expires on 12 June 2014. Such businesses will have to step into line with others and comply with the new rules for contracts entered into from that date…

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