Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

BRC finds decreasing use of credit card charges

Brits are more likely than they used to be to pay with cash than to incur bank charges through their transactions, a new study has shown.

The British Retail Consortium's (BRC) Cost of Payment Collection Survey for 2011 found customers used real money for their purchases in 5.7 per cent more transactions during the year than they did in 2010.

It pointed out shops typically find it 24 times cheaper to accept a cash payment than to deal with credit card charges.

Further discoveries from the poll were that the bank charges incurred by lenders against retailers are still "unjustifiably high".

Processing a charge or credit card claim typically costs 36.2p, compared with 9.6p for a debit card payment and 1.5p for the transportation and banking of real money.

Recently, director-general of the BRC Stephen Robertson said there ought to be "fairer costs for customers and retailers whenever they pay by card".

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801380357-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide