Kuwait Bans Extra Charges on Debit and Credit Card Payments
KUWAIT CITY: Kuwait has announced a new rule that bans extra charges on debit and credit card payments, offering relief to consumers and promoting fair pricing. Authorities confirmed that businesses must now charge the same price for card and cash payments.
Moreover, the decision aims to improve transparency and protect consumer rights.
What the New Rule Means
Under the new regulation, merchants can no longer add extra fees when customers pay by debit or credit card. Instead, sellers must clearly display prices and apply them equally.
In addition, authorities warned businesses to comply with the rule or face penalties. As a result, consumers can expect more consistent pricing.
Consumer and Business Impact
The ban will help consumers avoid hidden costs when using cards. Furthermore, it encourages digital payments across the country.
Meanwhile, businesses must adjust their payment systems. However, officials believe the change will build trust between sellers and customers.
Enforcement and Penalties
Regulators will monitor compliance through inspections and consumer complaints. Therefore, businesses that break the rule may face fines or legal action.
At the same time, officials urged customers to report any violations.
Conclusion
Kuwait’s ban on extra charges for debit and credit card payments marks a strong step toward consumer protection. With clear pricing rules in place, both buyers and sellers can benefit from fair and transparent transactions.
Follow Faiz.tv for updates on Gulf regulations, consumer rights, and regional economic news.
