Credit Card Fee Fight: What About Worldpay Customer Service?

Do you want to know how the UK’s Court of Appeal ruled a fight between UK retailers and credit card companies over fees? Are you looking for a reliable payment processor and need to know more about Worldpay customer service? Just read below and you’ll know.

 

UK Court and Credit Card Fee Fight

Retailers Asda, J Sainsbury, and Wm Morrison have recently claimed against Visa and MasterCard. The claim had to be decided by 3 senior judges. The retailers were appealing 3 separate cases that would be ruled on by the judges.

 

The legal fight was caused by the interchange fees or the costs that businesses were to pay for processingcredit card payments. The fee was being charged each time a consumer used a credit card.

 

According to the retailers, the level of interchange fees that the Mastercard and Visa payment card systems had set wasn’t lawful restriction of competition law.

 

In 2016,MasterCard was ordered by the Competition Appeal Tribunal to pay £68.5m in damages to Sainsbury. The tribunal ruled MasterCard broke European Union and UKcompetition laws with regard tointerchange fees.

 

Now, Mastercard said they firmly believed that retailers derived real value from their network, and they were dedicated to helping their retail partners grow their businesses and encouraged them to adopt much more convenient, safe, and secure payments.

 

Credit Card Fee Fight and Worldpay Customer Service

Are you an entrepreneur doing business in the UK? Do you want to find the best merchant services in the country? How can you do this? It’s simple! Just turn to a reputable merchant services comparison company in the country that can help you get the best deal for your business.

 

Working with a respectable payment expert in the UK, you can the best idea of payment processors operating in the country, including Worldpay customer service. Be sure to apply to a comparison company that offers free consultation and review of contracts, as well as rates, and fees.

 

By the way, pay attention to the integration requirements when looking for a credit card processing company. Be aware that an experienced and reliable comparison company will always check each provider’sintegration process to make sure you don’t make extra payments caused by misleading terminology, hidden costs, and deceptive sales tactics.

 

Finally, go for a payment expert that guarantees the most honest snapshot of the company at the time of writing.

 

When it comes to the tribunal, the latter had to consider at what level the fees could be determined if any. The fees associated with credit-card payments were being capped at 0.3% of any transaction. As for debit-card fees, theywere being capped at 0.2%. Retailers had to decide whether to pass them on to their customers.

 

The judge mentioned that the tribunal had to take note that Sainsbury’s accepted at its trial that fee levels of 0.2% for debit cards and 0.19% for credit cards wouldn’t be unlawful.Retailers Sainsbury’s, Asda, Argos, and Morrisons won one of the stages of the legal battle against MasterCard’s and Visa’s charges.

 

 

Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry, including Worldpay customer service, has helped thousands of business owners save money and time.

 

Comments are closed.

  • Partner links