In July,
the Association of Banks in Singapore (ABS),
as well as Visa/MasterCard/Amex stated in the media
that merchants are not allowed to pass on
any form of surcharge/swipe fees/administration charges to consumers
when they make payments with credit cards.
As the holiday season approaches,
it is disappointing
that many tour operators are still passing on their merchant fees to the consumers
via surcharges of between 1 and 6 per cent.
Separately,
there is also the 10 per cent "administrative charge"
for payment via credit cards by taxi companies.
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