Clause 225 - Data-gathering from merchant acquirers etc

Part of Finance Bill – in a Public Bill Committee am 3:15 pm ar 20 Mehefin 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 3:15, 20 Mehefin 2013

I would not want to have technical exchanges with the hon. Gentleman about the nature of a debit or credit card payment to a sole trader or a retailer. The point is that I have heard that many such businesses have been told by the merchant acquirers, “That’s it. You can no longer have the Visa—or Mastercard —facility.” They now rely, therefore, very much on cash transactions, which can be inappropriate for travel agents.

We were looking to see whether there was a way of having a review of the impact of some of those withdrawals of merchant acquirer facilities. We do not have the opportunity to raise that matter in the context of the Bill, but I just wanted to flag it up to the Minister.