Payment system operator to sue over fee limit

October 2nd, 2013

This article is more than 10 years old.

Nets, the national payment card processing firm, has taken competition authorities to court over a decision earlier this year requiring card fees to be reduced from 1.90 kroner to 1.20 kroner per transaction.

Konkurrencestyrelsen said the requirement was a matter of ensuring that Nets did not abuse its dominant position in the market.

Nets counters that Konkurrencestyrelsen is ignoring the emergence of competing forms of online payment.

FDIH, the internet retailers’ association, called the suit an effort to by Nets to prevent more of its fees from being challenged at a time when the company is seeking a buyer.

FDIH said a lower fee would save consumers 100 million kroner annually. 

Erhverv & Økonomi

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