Briefing 
 

Capping card payment fees: MEPs set for a final vote 

Rules capping fees that banks charge retailers for processing shoppers’ payments will be put to vote by Parliament as a whole on Tuesday. The rules were agreed informally with the Council of Ministers last December. The cap would apply to both cross-border and domestic card-based payments and should cut costs for card users.

The rules also aim to enhance fee transparency, so as to stimulate competition and enable both retailers and users to choose the card schemes that offer them the best terms.

 

Next steps

 

After Parliament's vote the rules will need to be officially endorsed by the Council before they can take effect, six months after the legislation enters into force.


Procedure: Ordinary legislative procedure (1st reading agreement)

2013/0265(COD)

Debate/vote: Tuesday, 10 March

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