payment provider has stated that, from November, fees will increase for payments between UK and European businesses. British companies will be charged a 1.29% fee for payments made from the European Economic Area and vice versa, according to the Manchester Evening News.
Around 0.5% is currently paid on such transactions, with charges having remained the same since the UK was taken out of the EU single market and customs union.
Whilst retailers will face the burden of the payment increase, it's likely that struggling businesses could be forced to hike up their prices to help cover the higher cost of sending items abroad.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.