Handsomedan:From what I heard last night on the news, credit card companies don't actually want shops to charge customers these fees. Which is somewhat ironic considering they are charging the shop those fees. But even the government departments are charging the fees. Although funnily enough my local council doesn't appear to charge any fee for paying by credit card. I would prefer that shops instead gave cash discounts if paying cash/ eftpos. But with far more advertising of debit cards, I can see eftpos being phased out eventually, allowing these credit/debit card companies to make a % on every sale in NZ
beenz: This is from the commerce commission web site
We would expect any surcharges to be no more than 0.7% for contactless debit card payments or 1.5-2% for credit card payments. Many merchants only have one rate, so we consider any surcharge above 2% is hard to justify.
Full article here.
https://comcom.govt.nz/regulated-industries/retail-payment-system/surcharging
So 3% surcharge is appalling , name and shame ?
I think surcharging should be banned - I have said this many, many times.
You don't charge your customers for the power you consume, the air that you breathe or the staff that you pay (unless of course you rip your customers off on public holidays), so why pass on another cost of doing business?
The cards payment platform brings business in - if you are not offering card payments, you'll have less business - it's common sense.
Do you pass on your advertising costs in a separate surcharge?
It's a rort and retailers know it. But it's easy to bash banks, so surcharges remain.
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