UAE retailers fined for credit card surcharge
- United Arab Emirates: Wednesday, September 05 - 2012 at 11:38
The UAE economy ministry has fined a number of retailers across the country with fines of Dhs100,000 each for imposing surcharges on credit cards purchases, Khaleej Times has reported. The move was in response to more than 121 complaints over surcharges between 2-3% of the purchase value being levied by traders, in violation of regulations set earlier by the ministry. Petrol pumps and government services are, however, exempted from this rule. "Government services constitute less than 10% of the total purchases and use of credit cards," Dr Hashim Al Nuaimi, director of the consumer protection department at the ministry, said quoting a study.
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