Travel companies will no longer be able to rip off customers by charging a hefty fee for processing their credit card, the government announced this week.
Consumer affairs minister Norman Lamb said: "Traders will no longer be able to make a profit by charging the consumer for credit or debit card use above the amount it costs them to process that payment".
Many of iCarhireinsurance.com's competitors charge between £2 and £2.50 per transaction, springing the extra cost on the customer at the end of the booking process.
When you buy an iCarhireinsurance.com car hire excess insurance policy, from £2.99 for a daily policy and from £39.99 for an annual policy, you pay ONLY for the product amount at the end of the transaction. This is irrespective of whether you use a debit or a credit card; we do not charge a fee.
The new rules are expected to be in place from January next year.