A warning has been issued to British PayPal customers.
The payer says it will increase payment fees between businesses in the UK and Europe from November.
PayPal said British businesses would be charged 1.29% for payments from the European Economic Area.
Most currently pay about 0.5% on similar charges, which have changed since the UK exited the EU Customs and Single Market.
Although the bill will be a burden on retailers, it is likely that struggling businesses will raise prices to help meet the rising cost of sending goods abroad.
Both Visa and MasterCard announced plans earlier this year to increase interchange fees on purchases made by UK-based customers from most European countries.
This interchange fee was capped in 2015 due to concerns that hidden costs were leading to additional charges for both companies and consumers.
These charges were locked at 0.2% and 0.3%, but these rules no longer apply because of Bridget. Mirror.
The move will affect online transactions with EU companies in areas such as online retail, hospitality and travel.
An interchange payment is levied by the banks on each payment, after which the money is transferred to the card issuing bank.
In March, Visa said EU-based businesses would be asked to pay a 1.5 per cent higher fee when UK consumers order something from abroad.
And from October 15, MasterCard will charge the UK a 1.5% fee for every online credit card payment to the EU, up from the current 0.3%.
Earlier this year, Kevin Hollenrick, chairman of the All Parties Parliamentary Group on Fair Business Banking, called on regulators to introduce a new cap.
“This is a waste of opportunism and I would urge regulators to take immediate action to ensure that financial institutions do not use Brexit as an opportunity to increase such spending,” he said. Do what consumers will eventually afford. “
Adam French, which one? The consumer rights expert added: “Consumers are already facing significant inconvenience and additional costs when shopping with businesses based in the EU and the decision to re-impose these heavy MasterCard charges would be another blow. ۔
“Bridget’s success will be measured by how it affects our day-to-day lives, so the government should not ignore the problems of these consumers. Ministers have a vague array of new rules and regulations. We need to do better and the government needs to work with it to address these costs as part of future EU negotiations. “