News
Card payment surcharge ban to go ahead, Finance Minister says
2+ week, 1+ day ago (314+ words) The Finance Minister says a card payment surcharge ban will go ahead, but the government's still working through "many issues" raised about the proposed law. Last year the government said the ban on surcharges for contactless and credit card payments…...
Commerce Commission mulls limiting amount credit card companies can charge banks
3+ week, 5+ hour ago (403+ words) The Commerce Commission proposes to limit how much credit card companies can charge banks for the use of commercial credit cards, saving New Zealand businesses about $40 million a year in merchant fees. The interchange fees charged by Mastercard and Visa…...
Explainer: How do Paywave and Card Surcharges actually work?
2+ mon, 4+ week ago (244+ words) Pay Wave and card surcharges are back in the news today. Those are the fees you pay when you choose not to put your card into the EFTPOS terminal. Today the ACT party said that the Government's proposed ban on…...
Should Eftpos and cash-users get a discount?
10+ mon, 3+ week ago (619+ words) Don't expect a discount if you're paying with Eftpos or cash when the new contactless surcharge ban takes effect - but businesses are being put on notice that they shouldn't need to raise prices by more than 1 percent. It was announced…...