Why is our doctor, dentist and audiologist charging an extra 2% for credit card payments?
The Retail Payment System Act was passed in May 2022.
That legislation was particularly popular in Parliament, passing with the support of every party but Act.
Minister Clark said it was “unfair that retailers, especially small retailers, have been constantly stung with high fees for offering services they need to survive”.
Merchant service fees are the fees paid by retailers to accept credit cards and some debit card payments.
Many shops choose to pass this fee on to consumers for using credit cards or payWave, resulting in higher prices.
It is hoped that this practice will end, or the passed-on fees will be lower, thanks to the legislation.
The cap on credit interchange fees is set at 0.8 per cent, in line with fees charged in Australia.
The legislation also caps fees for online debit transactions at 0.6 per cent.
www.nzherald.co.nz....
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
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Position
Hello.
I am a pretty fit and healthy Senior made a mistake of retiring so.
Have been involved in the building supply industry for over 20;yrs, am very comfortable driving a fork hoist also organizing your warehouse, have a clean driving licence manual and automatic, would like if possible a part time role to help you.
The only glitch. I cannot be paid on the books cash only due to pension restrictions….
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