Simon Bunce, Abta’s director of legal affairs, said the EU’s intention to reduce bank transaction fees with the upcoming card surcharge ban “has not happened”.
“The original intention was that this would bring those [bank] fees down, and it hasn’t worked,” he said.
“We have had quite a good response from the Treasury on this – they’re quite keen to see what the impact is on business of these changes to interchange fees, especially the impact on small business.
“This is having a disproportionate impact on small business. If we can break down the costs that are in the process we can bring down the burden on you.”
