CRTC denied Telus request for payment processing fees
2022.12.08 13:56
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CRTC denied Telus request for payment processing fees
Budrigannews.com – On Thursday, a Canadian regulator stated that Telus (NYSE:) had been rejected. Corp’s solicitation to charge a handling expense on Mastercard installments made by clients for its telecom administrations in Alberta and English Columbia regions.
Following a class-action lawsuit brought by retailers against Visa (NYSE:), Canadian businesses outside of Quebec were permitted to charge a fee for credit card transactions beginning on October 6. It was settled between MasterCard and banks that issue cards.
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The Canadian Radio-television and Telecommunications Commission (CRTC) stated that it was “very concerned about this practice as it goes against affordability and consumer interest.” The CRTC also stated that the practice has an effect on consumers who pay their daily bills with credit cards.
In addition, the organization stated that Telus had begun charging a 1.5% fee on credit card payments in locations outside of Quebec that were not under the watchdog’s jurisdiction.
The CRTC said it would investigate all egulatory choices in the event that Telus proceeded with the training and said its choice was a sign to other telecom specialist organizations to not force such an expense on shoppers.
