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Credit card surcharge

  • 11-05-2016 9:19pm
    #1
    parkeral
    Registered Users, Registered Users 2 Posts: 8 ✭


    Account: Credit Card
    Hi I am intending to register my credit card with Allsop in order to bid in an online auction later this month. They will have a hold on an amount of €5000 which they say will incur a surcharge of 2.75%. If I am successful and get the lot this amount will go towards the sale price and if unsuccessful the hold on this amount will be released. My query is whether this figure of 2.75% will be charged on the figure of €5000 whether the funds are taken or released by Allsop? Regards Alan Parker


Comments

  • #2
    Bank of Ireland: Tara P
    Closed Accounts Posts: 573 ✭✭✭Bank of Ireland: Tara P


    parkeral wrote: »
    Account: Credit Card
    Hi I am intending to register my credit card with Allsop in order to bid in an online auction later this month. They will have a hold on an amount of €5000 which they say will incur a surcharge of 2.75%. If I am successful and get the lot this amount will go towards the sale price and if unsuccessful the hold on this amount will be released. My query is whether this figure of 2.75% will be charged on the figure of €5000 whether the funds are taken or released by Allsop? Regards Alan Parker
    Hi Alan,

    Thank you for your post here on Boards.ie.

    Can we ask you to confirm if the 2.75% surcharge you mentioned is been applied by ‘Allsop’ themselves or if they have advised you this would be the charge applied by your bank?

    Also can we ask if this company will be charging €5,000 in a foreign currency?

    Thank you,

    Tara C


  • #3
    John Dough
    Registered Users, Registered Users 2 Posts: 347 ✭✭John Dough


    Very old thread but back in the spotlight as surcharges have been abolished by E.U. on C/C and debit cards but will the banks etc. abide by this ruling???


  • #4
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    John Dough wrote: »
    Very old thread but back in the spotlight as surcharges have been abolished by E.U. on C/C and debit cards but will the banks etc. abide by this ruling???

    Hi John Dough,

    Thanks for getting in touch with us here.

    I can confirm that we wouldn't apply surcharges to these kinds of transactions. As in the previous messages on the thread the surcharges discussed are placed on the card by the retailer so if you're unsure if a retailer will charge these to your card we would ask that you contact them to make sure that they will not apply these to your card.

    Thanks again,
    Darren.


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