Several groups representing Small Business owners from across Uruguay have joined to present their objections to the ever-higher tariffs imposed on them by credit and debit card issuers, renewing the debate around the need to regulate these services’ commissions. Uruguay’s CAMBADU, representing retail shopkeepers, bar owners, and other small businesses, has said it will present formal charges against the card issuers over abuse of dominance and collusion.
Business owners have focused their complaints on the legality of forcing them to accept arbitrary tariffs, as well as various clauses included by card issuers blocking them from offering discounts for cash payments. These clauses prevent businesses from encouraging cash payments, while credit issuers themselves are free of offering promotions and other incentives to increase their appeal.
Finally, business owners claim that the country’s card operators have shown signs of ‘corporate’ action when dealing with different negotiations and contracts, possibly leading to charges of collusion.
Full Content: El Observador
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Spain’s Antitrust Watchdog Slaps Booking.com with €413.2 Million Fine for Market Abuses
Jul 30, 2024 by
CPI
Russian Lawmakers Approve Cryptocurrency Use in International Trade
Jul 30, 2024 by
CPI
UAE Halts US Talks with AI Firm G42 Amid China Tech Concerns
Jul 30, 2024 by
CPI
UK Antitrust Regulator Probes Google’s Ties with AI Firm Anthropic
Jul 30, 2024 by
CPI
Medical and Industry Groups Seek Court Intervention Against FTC Noncompete Ban
Jul 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI