The British government will introduce legislation that will make it illegal to charge customers that pay by credit card a fee in addition to the cost of the product, the Daily Telegraph reports on its website.

Many travel companies charge a fee for paying by credit card, which means that British consumers pay hundreds of millions of pounds each in these charges, yet it only costs the seller 20 pence to process a credit card payment.

The legislation will be introduced at the end of next year, the report said.