Regulation 6A Fees any payee must not charge any payerF1

United Kingdom

(1)

A payee must not charge a payer any fee in respect of payment by means of—

(a)

a payment instrument which—

(i)

is a card-based payment instrument as defined in Article 2(20) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions ; and

(ii)

is not a commercial card as defined in Article 2(6) of that Regulation; or

(b)

a payment instrument which—

(i)

is not a card-based payment instrument as defined in Article 2(20) of that Regulation; and

(ii)

would not fall within the definition of commercial card at Article 2(6) of that Regulation if, in that definition, the reference to any card-based payment instrument were to any payment instrument and the reference to such cards were to such payment instruments; or

(c)

a payment service to which Regulation (EU) 260/2012 of the European Parliament and of the Council of 14th March 2012 establishing technical and business requirements for credit transfers and direct debits in euro applies.

(2)

A payee receiving a payment by means of a payment instrument must not charge the payer, in respect of such payment, a fee which exceeds the costs borne by the payee for the use of that specific payment instrument.

Annotations

Textual amendments

F1: Regs. 6A, 6B inserted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 12(6) (with reg. 3)