Saturday’s changes, however, are part of UK law so will remain in place even after Brexit.
Consumer advice site that all big retailers were likely to continue accepting card payments after the changes come into effect, but it also noted that some smaller businesses might struggle to absorb the new costs.
But outside companies and agencies are equally delighted to have access to your location information–and not just to send you coupons. One you’ll probably be okay with was just announced by Visa Europe.
Increasingly, they’re going to be using that information for purposes that have nothing to do with your convenience and fancy. The credit card company is going to start using information about the location of customers’ mobile phones to prevent credit card fraud.
Sure, you like all the great benefits of having your phone know where you are.
Just Eat was criticised earlier this week for introducing a 50p service charge on all orders.
We will not charge you interest on Purchases if you pay your entire New Balance by the Payment Due Date each month.
We will begin charging interest on Cash Advances on the transaction date.
“Rip–off charges have no place in a modern Britain and that’s why card charging in Britain is about to come to an end,” the economic secretary to the Treasury, Stephen Barclay, said at the time.
“This is about fairness and transparency.” The rules form part of a broad set of new payment regulations that are based on an EU–wide directive.
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