Results 31 to 40 of 47
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October 26th, 2006 01:15 AM #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.
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GOOD NEWS ito sa atin! Ang bilis ata umaksiyon ng gobyerno ah! Effective Nov. 5 na......
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October 26th, 2006 01:35 AM #32
that was quick. sana lahat ng batas ganyan din, mabilis gawin.
ang tanong...may loopholes kaya ito?
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October 26th, 2006 09:35 AM #34
It can backfire on the stores if they jack up their prices. 'Wag nalang silang tumanggap ng card diba?
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October 26th, 2006 09:37 AM #35
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October 26th, 2006 09:59 AM #36
Well let's just hope they put teeth (not a false one) on this, or another law will be wasted.
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October 26th, 2006 11:10 AM #39
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.
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October 26th, 2006 12:10 PM #40
Buhay na buhay ang BGC this evening. Bukas halos lahat ng restaurants. Sabi pa nung isang cashier...
Traffic!