Card Fee Cap Could Save Businesses £480m

Card Fee Cap Could Save Businesses £480m

The Treasury hopes the change will push prices down for shoppers and encourage more businesses to allow card payments.

Businesses are set to save millions as a cap on credit and debit card transaction fees comes into force.

The EU has imposed a limit on how much card companies can charge retailers to use electronic payment systems.

The Treasury says the cap is designed to push prices down for consumers.

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