Re: FN-FORUM: Charging for payments

date posted 9th January 2006 19:14

On Monday 09 January 2006 19:39, Andy Macnaughton-Jones wrote:
> You say that it's not legal to charge more for credit purchases than
> cash, but for that do you mean if you buy "on credit" (like a finance
> deal) you can't be charged more, but if you're paying by credit card -
> does the same thing hold ?

Yes - handling fee is ok, but technically, it's not really legit to do a
discount for cash.

For example, interest-free credit is popular, and costly, but it's not allowed
to do a discount if paying cash, but not on credit. Similar with
credit-cards, although you can just refuse to accept a given payment method.
Bit of a grey area!

Matt