Latvia: Regulators Send Reminder That No Additional Charges Should Be Imposed on Offline or Online Purchases of Goods and Services

On January 8, 2019, the Financial and Capital Market Commission in Latvia re-published an announcement from the Consumer Rights Protection Centre (CRPC) reminding Latvian consumers that they should not be charged a separate fee for cashless and non-cash payments.

Upon surveillance of the market, the CRPC noted practices carried out by many merchants in which they imposed an additional information fee on consumers purchasing their products and services.

These additional charges, known as transaction fees, are applied by payment service providers or merchants when the customer pays in cash, using specific payment instruments, such as payment cards, or online via internet banking.

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