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It’s not up to the banks or credit card companies to “put their foot down”. The consumer protection offered by a credit card is mandated by law and it cannot change without the approval of parliament. It doesn’t stop the credit card companies from making life difficult for the consumer and being slow to cough up the money, but they can’t actually take those rights away.

Also, credit card operators don’t pass the money on to the merchant immediately (unlike a debit card where the transaction is instant). It’s usually collected once a month, so in some cases it can be almost two months until the merchant sees the money – plenty of time in most cases for the bank to put a stop on the payment if there’s an allegation of fraud.

Darren, I have told you this before and you seem not to believe me. My fiance works in software in a bank and knows a lot about compliance issues. I’m not making this stuff up.

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First problem, if you reserved a room with a credit card the price of room is double to 10 time more expensive minimum.

Second, I do not trust the Hotels.

I have a site called HoboHideOut.com and we are going to extensive vetting the hotel, owner, staff, then allow the visitor to pay the hotels directly though paypal and only for one day, so the loss of money is greatly minimized.

People who lose money on credit card transactions do not tell anyone, they are ashamed, this problem is a lot bigger than people know or believe.

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I can’t see the government allowing the credit card companies to consider changing the law. The may wriggle and fight, but they will only find another way to cover themselves by charging us more, one way or another, for using the credit.

So I expect, the credit card companies are going to charge more for travel companies for the facility, and customer will end up paying more.

When people are keen to use their credit cards, because of section75, they should check out before booking, and read the terms and payments charges with the company they are booking with.

I am sure credit card fees on holiday purchases will get higher. Some Travel Companies and airlines, have been charging between of 2% and 2.5%, for credit card balance payments, for some years already.

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Trust accounts, under UK law can be set up by any company. If you asking for someone trustworthy to regulate that we already have the TTA. Who would accept membership (and already have) from accommodation providers.

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