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!
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5.7% Retailers need to absorb the cost
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88.7% The banks are the problem - the cost should not sit with consumers or retailers
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4.2% I do not mind paying a surcharge - I just want everything to be transparent
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1.4% It is more complicated - I will share below
What is the meaning of this?!
Cast your eyes at this picture below and see if you know this common idiom.
Simply 'Like' this post if you think you know the answer, and the big reveal will be posted in the comments at 2pm on the day!
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What's your best cost-saving tip?
Just when we thought the cost of living couldn't climb any higher...it does. While things like fuel prices are out of our control, many of us are looking for small, practical ways to stretch our dollars a bit further. So let’s put our heads together!
Over the next little while, we’ll be sharing tips to help you save money — and we’d love to hear yours too. What’s working for you right now?
Here are a few ideas to get started:
🎉 Plan ahead for the year (birthdays, events, travel) to avoid surprise costs
🪙 Check out $2 shops for everyday items like stationery, baking paper, foil, and cling wrap - often much cheaper than the supermarket
🐖 Bring back the piggy bank and save your loose change
🔨 DIY where you can - like mowing the lawn instead of paying someone
💵 Set a daily budget before heading out and stick to it (cash can help!)
🧴 Stretch household products by diluting things like shampoo or dishwashing liquid
Got a tip that’s helping you save? Share it below, the tip might make a huge difference to someone else.
The Cost of Living: Meal Ideas 🍽️
Continuing our series on how to manage the rising cost of living, this week we’re diving into the kitchen. We want to know your "secret weapon" recipes.
Share below your go-to meals that are:
💰 Budget-friendly (won't break the bank)
🥞 Delicious and easy to whip up
🍜 Great for leftovers (dishes that stretch for several days)
Whether it’s a legendary 20-cent lentil soup or a clever way to dress up basic mince, please share your meal ideas in the comments below!
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