DTI intensifies enforcement of laws on credit card transactions in Camiguin



MAMBAJAO, CAMIGUIN, June 22 (PIA) — At the height of some violations committed by some business establishments in adding surcharges to credit card transactions, the Department of Trade and Industry (DTI) Camiguin Provincial office created an enforcement team to roll out strict implementation of the Department Administrative Order (DAO) 10 series of 2006 to selected business establishments in Camiguin.

The DAO clearly pointed out that adding surcharge and or additional charges on credit card transactions is against the law.

Section 5 of the order states that all retailers who accept credit, ATM, or debit cards for payment shall not require the cardholders to pay for  additional charges over and above the price tag.

This enforcement initiative will be applicable to all resorts, restaurants, retailers, traders and other establishments in support to the tourism industry of the province.

Credit Card is a popular payment concept applied by tourism related business establishments in their clients and guests and some unscrupulous businessmen are exploiting it by adding surcharges and/or additional charges.

DTI-Camiguin encouraged retailers to display one price tag to indicate the price of each product or service, as mandated by Article 81 to 83 of the Consumer Act of the Philippines and clearly explain that adding extra charges on purchases of goods or services paid via credit cards is prohibited.

Failure to follow the law imposes a penalty of, first offense, six months imprisonment or a fine up to P5,000.00 and second offense, revocation of DTI and local permits.  (Zita M. Abellare with reports from Varry Labial, DTI-Camiguin, PIACamInet)


About Camiguin News Bulletin

The Philippine government operates a nationwide institution established to respond to the information needs of the citizenry, thus, the PHILIPPINE INFORMATION AGENCY was created in 1986 by virtue of Executive Order 100 signed by former President Corazon C. Aquino.

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