Canada’s telecommunications regulator refused a request from Telus Corp. to charge some customers a credit card processing fee.
While Telus didn’t need the CRTC’s approval to add the surcharge, the regulator said Thursday that it was concerned about its affects on affordability, consumer interest and “the most vulnerable consumers, who rely on credit cards to pay their everyday bills.”We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Telus was free to add the surcharge as of Oct. 6 after a class-action lawsuit from retailers against Visa, MasterCard and banks which issue cards was settled. The removal of the restriction allows merchants to potentially recoup processing fees for credit cards that range from as low as around one per cent for basic cards to nearly three per cent for cards that offer rewards such as cash back or loyalty points.
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