Debate to begin on possible credit card charges ban

WITH institutions set to pocket a cool €150 million this year alone from credit cards, the public, including traders, are to be given a chance to argue against a planned ban on extra charges for customers who pay by credit card.

Ireland is second only to Saudi Arabia when it comes to profiting from the use of the flexible friend, according to a report from London-based research company Lafferty.

The main reason for this, researchers say, is the €40 annual stamp duty that is imposed by the Government on all credit cards.