Card Processing Fees to be banned in 2018

From the 13th January 2018 adding your card processing fees on top of your bookings will be banned.

Serviced accommodation owners will not be allowed to apply additional charges to guests that choose to pay by credit or debit card, PayPal and American Express.

The aim of this new legislation is to save consumers this cost. However, owners and agents will still be required to pay this fee so they will be faced with the option of absorbing it or upping the rental.  I would suspect many owners are unlikely just to take a dip in profits of up to 3.5%.

What are your thoughts? How will you deal with this change?