Which? calls for action from the PSR

In a letter to the Payments Systems Regulator (PSR), we raised our concerns about Link’s proposal to cut interchange fees by 20% over the next four years.

The consequence of this fee change is that some cashpoint providers could either remove cash machines because they’d no longer be profitable, or make up the loss by charging you to withdraw money. We’ve called on the regulator to conduct a review of the Link’s proposals.

Read our letter to the PSR