From Saturday (13 January), businesses will not be allowed to add any surcharges on to card payments in the UK. Research shows that 13% of retailers currently add this charge on to payments. Most of the small firms that do this will absorb the costs themselves but some will have to look closely at how they manage the change.
Ahead of the changes Mike Cherry, chairman of the Federation of Small Businesses, commented that this was an opportunity for government to measure the impact on small firms and the costs levied by operators on them to use their payment method. More details about the change can be found here.