If a business decides to pay on a credit card to another business can they still charge the 2%?
did it not stop on the 13th for everyone including businesses?
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Not sure where you invented the 2% - but my understanding is that you cannot charge a personal credit card, whether or not the transaction is a business one.
Lion is right. You cannot add any extra charges on personal credit cards. This does not apply to a business card - but how do you know the difference?
Edit: p.s. the charge can only be the exact amount it costs you to process the transaction
There's the rub.
It's just not going to be worth the bother. People will just jack up their charges to cover extra costs.
including lions,
my director is under the impression that any transaction for business use can be charged a fee (even if a personal cc is used by a company employee - presumably,then reclaimed via expenses). could either of you point me in the direction to say otherwise - I was trying to get him to canx any card charges (we don't suffer too greatly in costs) but he's come up with a very involved process about ascertaining whether the purchase is for personal, or business use, irrespective of the card used.
Your director seems to be the kind of guy who isn't going to listen to any advice.
Just record that you told him so and let him crack on.
The rules apply across the EU. The only difference is that in the UK the government have extended the ban to include payment providers, such as PayPal, which are not included in the original EU legislation.
A similar question was asked on this thread: https://www.accountingweb.co.uk/any-answers/is-the-ban-on-surcharges-b2b...
I went to purchase a car with my private cc on Saturday and was told there would be an admin charge of 3% levied if I used a cc and not a dc....so nothing has changed
I went to purchase a car with my private cc on Saturday and was told there would be an admin charge of 3% levied if I used a cc and not a dc....so nothing has changed
That would be illegal. A business is entitled to charge an admin fee for all transactions or has to suck up the costs but they can't discriminate on payment types.
Check out the details on the other thread I posted earlier.
DVLA still had the Credit card charge when I accesssed the site last week.
Does this mean Ryanair can no longer charge for paying by CC?