Regulation 2 Fee payable for internet payments by credit card

As made

(1)

Since the Commissioners expect that they will be required to pay a fee in connection with amounts paid by using a credit card, a person who—

(a)

makes a payment to the Commissioners or a person authorised by the Commissioners, and

(b)

gives internet authorisation to make the payment by credit card,

must also pay a fee of 1.25% of the payment.

(2)

The fee must be paid by being added to the payment (so that, accordingly, the person must make a single overall payment, consisting of the payment and the fee).

(3)

In these Regulations “credit card” means a card which—

(a)

is a credit-token falling within section 14(1)(b) of the Consumer Credit Act 1974^f1, or

(b)

would be a credit-token falling within that enactment were that card to be given to an individual.

Annotations

Footnotes

f1: 1974 c. 39.