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The Payment Systems Regulator said UK firms paid up to an extra £200 million last year alone after rises in fees.
The Payment Systems Regulator (PSR) has zeroed in on escalating cross-border interchange fees levied by major card operators Mastercard and Visa, proposing a cap on these fees to protect UK businesses from unfair charges.
A study has suggested that the complicated process of securing a visa to live in Spain was putting Britons off.
The cost of using your card online to buy a shipment from France has soared fivefold since Brexit.
Card fees for online transactions between UK and EU up five-fold since Brexit.
Teacher Sarah Lepioufle, accompanying her college’s Edinburgh trip, said the changes introduced since Brexit — the extra paperwork involved — had made applying for courses an “obstacle course”.
With European touring getting properly going again following the relaxation of COVID restrictions, the UK music industry is now fully dealing with the realities of Brexit and the new bureaucracy touring musicians face.
Online shopping giant Amazon sent shockwaves through the British payments community on Wednesday November 17 by announcing that Visa credit card payments will not be accepted by its platform after Wednesday January 19.
Amazon says UK customers will not be able to pay for goods using a Visa credit card from January, blaming a "high cost of payments".
Visa raised fees in the UK after the country's split from the European Union.
Money expert Martin Lewis has laid out how Brexit has led to Amazon no longer accepting Visa Credit cards on its site from January.
Downing Street was hoping to entice EU drivers back to Britain to fix the HGV driver shortage.
As part of the government’s Brexit deal, the UK withdrew from the EU’s historic Erasmus programme, which enables students all around the EU to participate in university exchanges, offering young people the chance to broaden their horizons by exploring other European cultures, meeting new people, and learning languages.
Julian Lloyd Webber has labelled post-Brexit touring rules for musicians “really worrying”, after being made an OBE.
He said there are ‘gaping holes’ in the Brexit deal.
Visa and Mastercard's proposal to raise scheme fees and U.K. interchange rates on cross-border transactions post-Brexit has increased pressure on regulators to cap them, and on merchants to seek alternatives.
‘We expect non-residents to take steps to return to the UK as soon as they can,’ says British ambassador to Spain
Visa is set to take advantage of Brexit to raise interchange fees on cross-border transactions between the UK and EU, according to the Financial Times.
The payments giant Visa is to hike fees for purchases made by UK-based customers from most of Europe – stoking fears of higher prices and fuelling the argument that Brexit is adding to the cost of trading with the EU.