Poll: No more card payment surcharges – but who should be covering the cost? 💸
The Government says it's scrapping those annoying card surcharges – and it’s happening next year.
Consumer NZ is stoked, saying these sneaky surcharges cost Kiwis around $65 million a year and should’ve been gone ages ago.
But not everyone’s convinced it’s a win. Labour and Hospitality NZ are worried the costs won’t just disappear. Labour MP Arena Williams put it simply: there should not be surcharges for customers at all. But she points out that the Government’s plan does not deal with banks and merchants “who still scoop a big fee”.
Many of our community are rocked by the recent announcement. Retailers warn card surcharge ban could lead to higher prices - the unfortunatel reality is that small businesses are feeling the squeeze along with their customers. In comparison, large retailers pay significantly lower banking fees and ultimately have more leverage at the negotiation table.
💸 So someone still pays – but who?
We want to know: Who should be covering this cost?
Share your thoughts in the comments!
-
5.7% Retailers need to absorb the cost
-
88.7% The banks are the problem - the cost should not sit with consumers or retailers
-
4.2% I do not mind paying a surcharge - I just want everything to be transparent
-
1.4% It is more complicated - I will share below
Poll: Should we ditch daylight saving? 🕰️
First introduced in New Zealand in 1927 with the passing of the Summer Time Act, it's what we know as 'Daylight Saving' and this year it ends on the first Sunday in April.
While we do get to sleep in this time around, some people would like to scrap the clock tinkering for good.
And why? Some evidence suggests the time changes are bad for our health as they mess with sleep patterns leading to short-term fatigue and affecting mood. Meanwhile the hour change is frustrating for farmers and a nightmare for getting the littlies to sleep. But what's your take?
-
40.3% Yes - get rid of the clock changes
-
57.8% No, I enjoy it
-
1.9% Other - I'll share below
Plan to keep cash alive
Keeping cash alive in rural Waikato towns is a big problem, but help could be on the way.
The Reserve Bank is proposing banks keep a minimum ability for their customers to access cash - often a lifeline in small rural communities where banks have cut branches and opening hours.
Police forced to name Netflix as platform for Tom Phillips documentary
Police have confirmed Netflix will screen a reality-style documentary on fugitive Tom Phillips, after initially refusing to name the platform.
Phillips was shot dead on Te Anga Rd, west of Waitomo on September 8, after a near four-year manhunt for Phillips and his three children.
Loading…
