Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-03-Speech-3-323"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20080903.25.3-323"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Users of debit and credit cards in border areas can face three categories of charges associated with card payments. These are: usual charges related to the use of cards independently of the geographic location or Member State; charges for currency conversion if the payment is made between Member States using different currencies, for example the euro and sterling; and third, charges at the point of sale of a cash withdrawal at an ATM.
Looking at the first category, i.e. the normal charges for card users, regulated at European level as far as payment in euros are concerned: according to Regulation (EC) No 2560/2001 on cross-border payments in euro, when a cross-border payment in euro is made between two Member States, the charges levied for such payment should be the same as the charges for a corresponding payment in euro within the Member State in which the card was issued. At the same time, payments by cards linked to non-euro accounts, for example sterling accounts, are not subject to this regulation.
When a euro payment is made between a euro-area Member State, such as Ireland, and a non-euro-area Member State, such as the United Kingdom, supplementary charges may be applied for the currency conversion for payments by cards. The Payment Services Directive regulates the conditions under which the currency conversion shall be offered. However, it is yet to be implemented by Member States.
Finally, card payments can also be subject to a surcharge at the point of sale or to an additional withdrawal fee at privately-owned ATMs. The issue of surcharging or offering a discount on a given payment instrument is, according to European legislation, left to the discretion of the merchant. At the same time nothing impedes the Member States from banning or limiting such surcharges. This is explicitly confirmed in the already mentioned Directive on payment services in the internal market.
The Commission has therefore no legal basis for intervention in the matter of supplementary charges on cross-border payment services in the UK and Ireland. However, the Commission believes that competition on both sides of the border will keep costs at a reasonable level. If market players would reduce or limit competition, the competent national authorities shall intervene in the best interests of the citizens."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples