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Clampdown on banks' merchant fees could sink credit card loyalty schemes

Consumers could pay lower credit card surcharges but lose out in another way. ....

New Zealand , New Zealanders , New Zealander , Jose George , Jessica Wilson , Greg Harford , Commerce Commission , A New Zealand Bankers Association , David Clark , Consumer New Zealand , New Zealand Bankers Association , Westpac New Zealand , Retail New Zealand , Retail Payments System Bill , புதியது ஜீலாந்து , ஜோசே ஜார்ஜ் , ஜெசிகா வில்சன் , கிரெக் ஹார்போர்ட் , வர்த்தகம் தரகு , டேவிட் கிளார்க் , நுகர்வோர் புதியது ஜீலாந்து , புதியது ஜீலாந்து வங்கியாளர்கள் சங்கம் , வெஸ்ட்பேக் புதியது ஜீலாந்து , சில்லறை புதியது ஜீலாந்து ,

Is this the end of 'No Paywave' signs?

Is this the end of No Paywave signs?
Is this the end of No Paywave signs?
Wed, 12 May 2021, 1:58PM
The Government is to clamp down on the fees banks charge businesses when people pay by credit or debit cards.
Eftpos is free for merchants but its use has been dropping particularly with the Covid-19 pandemic as more people shopped online or used contactless credit or debit cards.
The major banks temporarily cut contactless debit card fees to small business customers in late March amid pressure from technology entrepreneurs worried the high cost was putting merchants off using it.
Eftpos machines with no Paywave signs could be a thing of the past. Photo / File ....

New Zealand , David Clark , Commerce Commission , Retail New Zealand , Retail Payments System Bill , புதியது ஜீலாந்து , டேவிட் கிளார்க் , வர்த்தகம் தரகு , சில்லறை புதியது ஜீலாந்து ,