When you pay card for free, it is only in appearance. Bank for each payment belfast shopping collec

When you pay card for free, it is only in appearance. Bank for each payment belfast shopping collected by the merchant. European Union is forcing banks to reduce these fees. How to deal with loss? She will eventually turn pay the customer?
The European Union is trying to regulate interchange fees, which banks charge each other every time you use a credit card. Capping fees - for debit cards in 0.2 percent of the transaction belfast shopping and credit cards to 0.3 percent - should lead, among other things, that merchants pay to banks from payments received lower margins. Officials in Brussels from regulation promise greater expansion card terminals, and thus to greater convenience for consumers. The efforts of the European Union naturally welcome the representatives of traders. "The adoption of lower interchange fees will lead to higher prices for consumers in Europe and we are very pleased that the European Parliament included the limits and commercial cards," said the CEO of the European Union EuroCommerce Christian Verschueren in an interview with EurActiv.
Economists fear that the one who comes out of the legislative amendments defeated, they could finally be paradoxically bank clients who use credit cards. Banks say they do not want to accept the fact that they will lose quite a significant amount, so perhaps try to heal their clients. Quite possibly the best we can wait that will increase (or introduce) the fees for the management and use of payment cards. According to experts, this may also mean the end for loyalty programs to banks for payments - especially credit - card offer. A representative card companies directly argue that ultimately the clients bank cards to pay extra for the use of up to three hundred crowns belfast shopping a year. Allows banks but tough competition to go up with bank charges? belfast shopping It is at low or no fees now many of them build their marketing strategy ...
How the European Union efforts to regulate interchange fees watch experts? This will reduce prices in stores, or remain the same and will rub their hands only dealers? There is a risk that the banks will want to heal their clients? belfast shopping And of course - should the Union in a similar way to banks intervene at all? Miroslav belfast shopping Lukes
The proposed regulation goes negative on final consumers, who in the end pay more than one hundred to two hundred crowns a year extra for banking products. This may reduce the willingness to pay by credit card. Ultimately i grow gray economy, because the less electronic payments, the easier it will be to circumvent the law. The regulation is unpleasant belfast shopping news for small and medium-sized enterprises, because the environment is not fair, and in addition will be disadvantaged compared to large retailers. After all, it is recognized by the European Commission itself in its impact study. We would be happy if we managed belfast shopping to convince the legislature that the forthcoming legislation will worsen the situation for consumers and small and medium-sized enterprises. And we do not accept that regulate or restrict. In all countries where it was regulation of interchange fees, such as Australia, the United States or Spain really belfast shopping has to pass on costs to the customer, while the promised price cuts at retailers practically did not occur. Jan Keller
At least since 2008, shows that banks here do not want to be there to facilitate belfast shopping productive business, belfast shopping but from that to cast the spell with their products, various belfast shopping bubble inflated and demanded help when bubbles belfast shopping implode. belfast shopping That does not look healthy economy. Banks must serve the economy, not on the parasite. Therefore, no comprehensive regulation of the banking and financial sector, including belfast shopping regulation such as tax and antitrust can not imagine a long-term stable economy. You can of course expect that banks will reduce if they are one profitable field, quickly find another. Therefore, she must control complex in the sense that their strategy should anticipate and allow them the smallest possible space for the realization of excessive belfast shopping profits at the expense of clients. It will be interesting to see if the work to create a banking union (yet has a certain delay and probably will not be ready until the elections) will go in that direction. Vit Jedlicka
The problem with high fees in the banking sector is still low in competition. The state creates significant belfast shopping barriers to entry of new firms into the sector. The minimum amount of registered capital of the Bank amounts to 500 million, while at least this amount must be capital consists of cash contributions. The whole industry is also highly upregulated. The state, or the European Union law to regulate the amount of fees is therefore solve the problem that the state itself created. This creates a basket-case situation where, belfast shopping for example, clients of Czech trade Alza pay their purchases via Slovak banks. The regulation comes at a time when the market itself has created a way the whole machinery of government and banking bypass. The fee for new electronic currencies like bitcoin, are smaller than the bank charges while the transaction is completely dispense with the bank and state regulation. Marie Hešnaurová
Česk