Retailers set to save from Budget cap on cards

Retailers could save up to €36m a year from a capping in fees for accepting debit and credit cards.

The capping of interchange fees was announced in the Budget.

The Minister for Finance Michael Noonan has said with an increasing number of people choosing to pay by debit card, the reduction in fees will reduce the cost to retailers who accept card payments.

Ireland now has among the lowest rates of debit card interchange in Europe, making us one of the most card-friendly countries.

Minister Noonan also said he was urging retailers to remove the minimum spend on card payments.

"Retailers should be aware that most shoppers have a contactless card in their wallets which can be used for transactions up to €30. It is cheaper and faster than any other way to pay, both for the retailer and the consumer," the Minster said.

More in this Section

Judge slams involvement of Cork radio station with man who believed himself victim of vendetta

225 people caught speeding; including one doing 177km/h in 100km zone

Man arrested in connection with €1m Offaly drugs seizure due in court

'Not too late' to resolve Irish Rail strike: FF

Today's Stories

No Government jet for freed Halawa

Garda officers may sue for right to strike

Rail unions vote for industrial action

‘We are on our knees after this ... we need help’


A helicopter put a piano on the 150-foot roof of Blarney Castle and other stories from the Cork Jazz Festival archives

Jazz Memories: Famous faces share their favourite moments

Live music review: The Horrors - Icy genius in a thrillingly intimate setting

New book revisits the games they just don't make anymore

More From The Irish Examiner