Payment services: MEPs write a bill for the two companies. And with that … – GazetaPrawna.pl

As emphasized by the applicant, “these entities indicated that no amendment will threaten their interests (must have time to change the profile of their activities and to adapt the business model to the new EU solutions), which may lead to the cessation of their activities on Polish territory, and consequently will be limited competitiveness in the market for payment cards. “

The project is the result of EU Regulation 2015/751, which sets strict limits on the interchange fee rates (0,2-0 , 3 per cent. of the transaction). Diners Club and American Express – primarily companies offering luxury card – they want to charge much higher fees. The Regulation provides for 3.5-year exemption of some of the restrictions. And what is the role of such amendment. In other words, in the next few years, some companies will have to adhere to the low rates, while those released – no. Interestingly, the project was submitted as an MP. And that means that will not be subject to consultation.

Catherine Fatyga, CEO of Diners Club, points out that work on the introduction of the transitional period are conducted not only in Poland, but also, eg. In UK.

– The beneficiaries of the temporary exemption will not only functioning tripartite systems today, but also new ones that decide to start operations on Polish territory. And also the market itself and its participants, who in the absence of exemptions would stand the prospect of the market closely duopolistycznego – says Fatyga.

The idea is that the market is not dominated by Visa and MasterCard.

In a similar vein, MEPs express themselves. They say, EU regulations allow a transition period for traders offering tripartite payment systems, so it is difficult to talk about doing anything wrong with. The goal – to argue – is to support small entities.

This argument, however, fails entirely to the President of the Union of Entrepreneurs and Employers Cezary Kazmierczak.

– Naturally, we support the granting of the official paper companies to easily earn several hundred million zlotys: to promote specific companies, specific people, not some faceless business, this is the right direction – wyzłośliwia to Kazmierczak.

He added – already seriously – better it would happen if Polish politicians began to think about the facilitation (though not necessarily in the form of reductions) for all companies, not just some.

Step Legislative

Draft submitted to the sticks marshal