If adopted, the revised standard will allow schemes to limit surcharging to a reasonable cost of acceptance, but schemes will not be able to prohibit surcharging altogether or prevent merchants from recovering their costs. For this purpose, the cost of acceptance will be defined as including, but not being necessarily limited to, the merchant service fee.
1  Currently, those with annual turnover greater than $ million. 2  The existing Standard does allow the merchant and the acquirer to agree to do so. 2  BIS central bankers’ speeches  I want to stress that we should not view this change as a panacea that will do away with every consumer complaint.