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  1. Join Date
    Sep 2003
    Posts
    21,384
    #31
    Govt Forbids Surcharges on Credit-Card purchases


    CONSUMERS may heave a sigh of relief after the Department of Trade and Industry (DTI) has prohibited retailers from imposing surcharges on purchases made using credit cards. The department’s order aims to protect consumers from dubious price-tag practices by giving more teeth to the existing provisions of the Consumer Act of the Philippines.

    “As technology advances and continues to modernize the way businesses transact with their clients, the department works to ensure that consumer welfare remains uncompromised,” Trade Secretary Peter B. Favila said.

    The new order, which will take effect November 5, will spare consumers from having to pay surcharges, extra or additional charges over and above the price tag on items they buy using their credit cards.

    “A number of retailers have been charging differently on specific items depending on the client’s mode of payment. Usually, purchases using credit card[s] are priced higher than those paid with cash, and this discriminates against the cardholders,” Favila said.

    Zenaida Cuison Maglaya, trade undersecretary for consumer welfare, said the order would harmonize all modes of payment available to consumers under the Price Tag Law.

    “When the consumer opts to pay either through cash or card, he or she should only pay what is stated on the price tag. There should only be a single price tag indicating the cost of each item,” she said.

    The new order would also give consumers an option to pay in cash, card or installment to be disclosed to them, provided the information is not indicated in the price tag.

    Trade officials said the price tag should be inclusive of the value-added tax for items covered by the levy, adding that it is unlawful to charge an additional tax over the price tag. The recent order also illustrates the proper format of official receipts that incorporates the amount of tax and the total cost of products to be paid by the consumers.


    =============================================


    GOOD NEWS ito sa atin! Ang bilis ata umaksiyon ng gobyerno ah! Effective Nov. 5 na......

  2. Join Date
    Jan 2005
    Posts
    4,866
    #32
    that was quick. sana lahat ng batas ganyan din, mabilis gawin.

    ang tanong...may loopholes kaya ito?

  3. Join Date
    Mar 2005
    Posts
    8,837
    #33
    ibig sabihin lang nyan +6% na lahat ng bilihin sa malls hehehe

  4. Join Date
    Oct 2002
    Posts
    3,872
    #34
    It can backfire on the stores if they jack up their prices. 'Wag nalang silang tumanggap ng card diba?

  5. Join Date
    Oct 2002
    Posts
    15,528
    #35
    Quote Originally Posted by nugundam93 View Post
    that was quick. sana lahat ng batas ganyan din, mabilis gawin.

    ang tanong...may loopholes kaya ito?

    hehehe. wala kasing points and areas of debate ang senado kaya mabilis.

  6. Join Date
    May 2004
    Posts
    1,175
    #36
    Well let's just hope they put teeth (not a false one) on this, or another law will be wasted.

  7. Join Date
    Oct 2004
    Posts
    1,526
    #37
    *waiting for credit card usage to go down*









  8. Join Date
    Jan 2005
    Posts
    3,773
    #38
    Quote Originally Posted by chua_riwap View Post
    Govt Forbids Surcharges on Credit-Card purchases

    GOOD NEWS ito sa atin! Ang bilis ata umaksiyon ng gobyerno ah! Effective Nov. 5 na......
    hinabol and x-mas shopping splurge?

  9. Join Date
    Sep 2004
    Posts
    2,976
    #39
    Quote Originally Posted by raikonen View Post
    there are items na mababa lang talaga ang mark-up (1%-5%) kaya they need to pass on to customers the 7% surcharge imposed by CC companies/Banks.. walang napupunta sa merchant dyan, pasok lahat sa banko yan. tapos it takes time din bago makakolekta sa mga CC companies kaya natutulog pa pera mo.. pero dapat, ipaalam mo muna sa customer na meron surcharge para walang misunderstanding..

    dapat yung mga CC companies/Banks ang bawalan nila maningil ng charge...
    This isn't true...may cut ang merchant sa surcharge, which is why different establishments have different surcharges (3 - 7%), even if you use the same credit card. Conversely, even if you use different credit cards in the SAME establishment, iisa lang ang surcharge rate.

  10. Join Date
    Dec 2003
    Posts
    11,317
    #40
    Quote Originally Posted by Galactus View Post
    This isn't true...may cut ang merchant sa surcharge, which is why different establishments have different surcharges (3 - 7%), even if you use the same credit card. Conversely, even if you use different credit cards in the SAME establishment, iisa lang ang surcharge rate.
    i dont know if other merchants have cuts in the surcharge but on our monthly checks sent by the bank (Diners, JCB, AMEX or MC/VISA), the total monthly CC sales is automatically deducted 7%. pagdating ng cheke sa amin bawas na agad.

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Govt. Mulls Ban on Credit-Card Surcharges