that thing about paying more when using your credit cards…

now, this is something that might interest you.

the credit card association of the philippines had a flyer in my latest credit card billing statement that reiterate the prohibition against surcharging by retailers, as mentioned in Department of Trade and Industry’s Department Administrative Order No. 10, Series of 1006 (complete text here).

so, for the benefit of the general public, i shall be less lazy today and typed out here what the flyer was saying:

Prohibition against Surcharging by Retailers:
All retailers that accept credit card payments are strictly prohibited to impose a surcharge, extra charge, or additional charge over and above the indicated price tag displayed on the product or service being sold when consumers use their credit card.

Price Tag Requirement:
1. Every retailer is required to indicate and display only ONE price tag for every product and service they are selling.

2. The price tag must be written clearly indicating the price of the product inclusive of VAT, if the consumer product is vatable. Service charge, if any, shall not be inclusive in the price tag.

Modes of Payment & Other Price Tag Policies:
1. If the retailer accepts both cash and credit card as modes of payment, both options must be allowed at any time and be made known to the consumer.

2. If the consumer pays using a credit card, they only pay the price indicated in the price tag displayed- without a surcharge, extra charge, or additional charge over and above the indicated price tag displayed on the product or service being sold. The same is true for cash purchases.

3. If the retailer also accepts installment payment as a mode of payment, such must be made known to the consumer and be made available at any time.

4. Price tags that indicate a cash price and a separate card price on the same product service being sold are prohibited.

5. Price tags that indicate a cash price and a separate regular price on the same product or service being sold are also prohibited.

…For questions, complaints or for more information, please contact the issuing Bank of your credit card.

Member Banks: American Express Bank; AIG; Bankard; Banco De Oro; BPI; Citibank; Equitable Card Network; East West Bank; HSBC; Metrobank Card Corporation; OneCard Intl; PNB; SB Cards Corp; Standard Chartered; Unionbank of the Philippines

now, i wonder if the resorts in Puerto Galera know about this. or the establishments in Boracay. or the ones in Bohol. or the cellular booths in every mall in the country. or any merchant that charges consumers 3%-7% more for credit card payments.

now, i wonder some more if there are actually consumers who are not disillusioned enough with the country’s rules and regulation to report such incidents.

i am done with these shits. i would rather pay cash.

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