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Tue 5 Jan 2016 12:11 PM

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Bahrain in crackdown on extra charges on credit card purchases

Fines of $26,000 for companies that violate new directive from Ministry of Industry, Commerce and Tourism

Bahrain in crackdown on extra charges on credit card purchases

Bahrain’s minister for Industry, Commerce and Tourism has told bankers and companies in the kingdom not to impose additional charges on customers who use credit cards.

In a briefing with the banks’ CEOs on Sunday, the minister issued the directive, explaining that some of the companies and institutions were found to be deducting additional payments from consumers purchasing goods and services with credit cards.

He said that banks have to contractually agree with companies not to hit consumers with additional charges through the automatic payment devices, according to a report in Gulf Daily News.

The minister further outlined that his department will take action against those who violate the directive, with a fine of up to $26,500 (BD10,000) imposed on offending companies, as per provisions of the Consumer Protection Law.

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