https://www.youtube.com/watch?v=5Dg2aecGiYQ
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Poll is https://manifold.markets/why662s5/can-eu-companies-charge-14-exchange
Will Czech authorities determine (or no action) that a 14% “exchange-rate fee” on euro-to-euro transactions is legally permitted? Resolution as soon as outcome is known.
Background
A recent investigation describes an ATM company charging a 14% “exchange-rate fee” on transactions where the customer pays in euro and the ATM also withdraws euro - meaning no currency conversion actually occurs.
Czechia, as an EU Member State, is bound by the EU Cross-Border Payments Regulation (EU) 2021/1230, which states:
Charges for cross-border payments in euro must be the same as for corresponding domestic euro payments.
Domestic euro-to-euro payments do not involve exchange-rate markups, so applying one to a cross-border euro-to-euro payment appears inconsistent with EU law.
However, the situation has triggered a journalist's investigation in Czechia to determine whether the company’s practice is legally permissible or violates EU regulations as applied in Czech law.
The Question
Will the Czech investigation conclude that such a 14% “exchange-rate fee” on euro-to-euro transactions is legally allowed?
YES — if the final determination by the relevant Czech authority states that the fee is legally permitted under Czech/EU law.
NO — if the authority concludes that the fee violates Czech or EU regulations (e.g., the Cross-Border Payments Regulation).
Other - the outcome may be in grey zone
Resolution Criteria
This market will resolve based solely on the reported outcome of the Czech investigation (e.g., from the same journalist, his channel, Czech National Bank, Czech Trade Inspection Authority, or another competent accepted side).
A public statement, decision, sanction, or final ruling concluding the practice is legal → YES.
A determination that it is illegal / non-compliant / prohibited → NO.
same for other outcomes
Unofficial commentary, media opinion, speculation, or temporary non-enforcement do not count. If no outcome at all (unknown) - N/A. No sanctions or changes will trigger the 1 of the options outcome.
Clarification
This question is about the legal conclusion reached by journalist or Czech authorities, not about whether companies can exploit ambiguous rules or avoid penalties in practice.
Poll is https://manifold.markets/why662s5/can-eu-companies-charge-14-exchange
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