Fees to be slashed for tourists using non-EU debit and credit cards
Mastercard and Visa are to cut their fees for tourists using non-EU debit and credit cards in Europe by around 40%.
The lower fees to retailers should lead to lower prices for tourists to countries within the EU, said the European Commission.
Under the new deal, Mastercard and Visa will both charge a 0.2% transaction fee on non-EU debit card payments in shops and a 0.3% fee on credit card payments from October 19.
This will bring their fees in line with those charged for cards issued in the EU. The newly agreed rates will apply for five years.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports