TESK Calls for Credit Card Commission Review: 'Tradesmen Cannot Afford It'

The Turkish Confederation of Tradesmen and Craftsmen (TESK) is urging for a significant adjustment to credit card commission rates, warning that current levels are unsustainable for small businesses. TESK Chairman Bendevi Palandöken emphasized that banks must align commission rates with the specific goods being sold, asserting that the financial burden of credit card payments should not fall on tradesmen.

"Credit card interest rates in banks must be reduced and brought to a reasonable level. Otherwise, tradesmen cannot afford it. Credit card commission rates must be rearranged," Palandöken stated in a written announcement.

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Credit card interest rates in banks must be reduced and brought to a reasonable level. Otherwise, tradesmen cannot afford it. Credit card commission rates must be rearranged.

He highlighted that citizens are also dissatisfied with the current situation. Palandöken pointed out the disparity where businesses cannot charge commissions on sales, yet they face deductions. He stressed the need for a fair solution that does not disadvantage anyone, noting that when commissions exceed a tradesman's profit margin, it creates significant hardship.

The confederation's call reflects growing concerns within the small business sector about the rising costs associated with digital payments. The demand for a review of these rates aims to alleviate financial pressure and ensure the viability of tradesmen operating in Turkey's economy.

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We cannot charge commission when we sell. A fair solution is needed that does not victimize anyone. When commissions exceed the tradesman's profit, it becomes truly difficult.