Schedule 8, Part 3, paragraph 12(6)

After regulation 6 (temporary exemption for micro-businesses and new businesses) insert— A payee must not charge a payer any fee in respect of payment by means of— a payment instrument which— is a card-based payment instrument as defined in Article 2(20) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29th April 2015 on interchange fees for card-based payment transactions ; and is not a commercial card as defined in Article 2(6) of that Regulation; or a payment instrument which— is not a card-based payment instrument as defined in Article 2(20) of that Regulation; and would not fall within the definition of commercial card at Article 2(6) of that Regulation if, in that definition, the reference to any card-based payment instrument were to any payment instrument and the reference to such cards were to such payment instruments; or a payment service to which Regulation (EU) 260/2012 of the European Parliament and of the Council of 14th March 2012 establishing technical and business requirements for credit transfers and direct debits in euro applies. A payee receiving a payment by means of a payment instrument must not charge the payer, in respect of such payment, a fee which exceeds the costs borne by the payee for the use of that specific payment instrument. Regulation 6A applies only if the payment service provider of the payer or the payment service provider of the payee is located in an EEA state. Where the payment service providers of both the payee and the payer are located in an EEA state, regulation 6A(1) and (2) apply. Where the payment service provider of either the payer or the payee, but not both, is located in an EEA state, regulation 6A(2) applies but regulation 6A(1) does not apply.

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Source: legislation.gov.uk · retrieved 2026-09-04