Debit card surcharges cost Brits more than £265k a day
Despite the Office of Fair Trading (OFT) asking for the ban of airline debit card surcharges, recent research reveals that consumers are still paying more than £265,000 per day in debit card surcharges to airlines.
As the leading consumer watchdog Which? reported recently, debit card surcharges to airlines are still costing British customers more than £265,000 per day.
Because of this, Which? submitted a super-complaint to the Office of Fair Trading (OFT) bank in March 2011, asking the institution to investigate excessive credit and debit card surcharges.
Pushed by this claim, the OFT proposed on the 28th June that charges for paying by debit card should be banned. According to the consumer watchdog, a simple amendment to existing Payment Services Regulations by the Treasury would achieve this aim.
Despite this, the card extra cost charged by airlines is still included now.
No intervention against card fees
Despite the efforts, debit card surcharges are still costing a fortune to thousands of British travellers.
Which? claims that the Government still has not taken action and consumers continue to be hit by excessive card fees.
"With most airlines yet to drop these card surcharges and some introducing new fees, it's time for the Government to put a stop to this,” said Richard Lloyd, Which? executive director.
“A minor change to the law is all it would take to ban the charges on debit cards that you only find out about at the end of a lengthy on-line booking process”.
Lloyd assured that thousands of people have complained to Which? that these hidden card fees are unfair, and demanded the Government intervention so that consumers can easily compare the cost of their flights.
Once tourists arrive to their holiday destiny, travel money cardscould help them to save some money during their vacation. Hopefully they can recover the same amount that airline’s debit cardssurcharges cost them.