Government's proposal to regulate cards should be completed in 30 days
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SAO PAULO - The government's proposal to regulate the sector of credit cards in the country must be completed within 30 days, reported, on Thursday (17), the Central Bank president, Henrique Meirelles.
According to Meirelles, second published by the Board, is in the final study, prepared by the Secretariat of Economic Law of the Ministry of Justice, the Secretariat for Economic Monitoring Ministry of Finance and by BC.
The study would be designed to ensure more competition and transparency to the card market, and thus cause the interest rates charged by credit cards are close to the average.
Costs
According to a study by consultants of the Chamber of Deputies, the cost of credit card to the merchant may endear 1.4% in the prices of products for all consumers.
This is because, since there is no way to differentiate between those using the card or not, everyone ends up paying for the cost generated by the share of customers who make use of the instrument.
Also according to the consultants to accept payment by credit card, the merchant receives the value of sales, on average, 30 days later, minus a certain percentage, called the discount rate, which varies according to size and segment the company, getting on average around 3.5% but may reach 5%.
Source: InfoMoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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