• Print
  • Send to a friend
  • Comment (0)
  •  

Opposition calls on Harper Tories to curb cost of credit cards to small business

Published on January 21, 2013
Published on January 21, 2013
Topics :
Visa , MasterCard , Canadian Federation of Independent Business , OTTAWA

OTTAWA - The federal Opposition is calling on the Harper government to prevent credit card companies from charging businesses higher fees for using premium cards.

The call comes as a federal competition tribunal prepares to rule on whether Visa and MasterCard are engaging in anti-competitive behaviour.

Small business groups have been hoping the tribunal will recommend that Ottawa forbid the major credit card companies from forcing retailers to accept cards that carry higher payment processing fees.

New Democrat consumer protection critic Glenn Thibeault says the high cost of processing credit card payments is hurting Canadian businesses.

Thibeault is launching a cross-country consultation with business and community groups this week to hear their concerns about the fees.

The Canadian Federation of Independent Business says shopkeepers and others who accept credit and debit cards as payment should be given the right to refuse high-cost cards or to add limited surcharges.

© Canadian Press

Submit a comment

Submit a comment (we keep all emails private)
Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.

Advertising

Newsletter

Please enter your email to receive our free newsletter

Subscribe to news alerts

Advertising