Card surcharges are a Banking scam for the too posh to push crowd – make Banks pay!
Government to ban card payment surcharges, businesses to pick up the tab
The Government is planning to ban merchants from adding surcharges to most in-store card payments.
The change will save shoppers, but cost merchants, who will need to absorb the cost of offering contactless payments or pass it onto customers by hiking prices.
The change is expected to be made by May next year.
Just like with the polluters, instead of ensuring those that are creating the cost pay for it, the Government makes the cost a user pays charge rather than tax the one causing the problem!
It’s not retailers who should be forced to take on the cost, it’s the fucking Banks who have created pay wave cards with a $200 threshold which is highly exploitable!
MAKE THE BANKS PAY!
MAKE THE BANKS WHO MAKE BILLION DOLLAR PROFITS PAY!
MAKE THE BANKS WHO HAVE CREATED A PIN-LESS CARD SYSTEM, THAT IS HIGHLY EXPLOITABLE TO THEFT PAY!
NOT! THE! RETAILERS!
Why is National incapable of making their rich mates pay for the social cost their rich mate products create?
The Banks created an easily exploited card system that is open for stealing and yet they make YOU pay?
Why you so easily played Kiwi?
Why you so easily played?
Stop being a chump, demand the Banks pay!
Get off your knees to the interests of the wealthy!
We need to be kinder to individuals and far crueller to Corporations.
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So when I use cash or EFTPOS I get to subsidize those who are too stupid or lazy to remember a PIN number or work out which way to swipe or insert a card? Thanks very much, NZ government – I’ll spend the savings on buying some Mastercard shares!
When you use cash, there is an additional cost to the business, cash handling fees, administrative costs, time and effort to manually do the banking. Electronic transactions take care of all this.
Exchange of physical money has underpinned everyday commerce for several millennia, it’s been fundamental to commerce. Participants didn’t scream out for extra recompense for the burden of simply accepting coin in cash transactions.
But if the hassle of accepting legal tender cash is suddenly too much of an inconvenience for you or if you object at having to actually touch the stuff –
Simple, don’t do business, don’t involve yourself in the commercial system.
I’ve worked in the banking industry, mainly with businesses and technology areas. Retailers want contactless payments, as the transactions are quicker, no handling of cash, no theft by employees, no more “doing the banking”the accounting software works with the payments system. This saves the retailer time and money. Yes they do pay for this, the costs are less now because of the technology, however the costs become more apparent because we change the retailer each month. Unfortunately they are ignoring the lower accounting and administrative costs.
One day there will be trials for s**tbirds like you.
The idea that any of this should be in the hands of private companies is absurd.
Mohammad, unfortunately it’s the way the system works. Back in the day people would pay at the supermarket by cash, or if it was a bigger shop, by cheque. Cash needs to be held securely, transported to a bank then credited to the retailer’s bank account. Likewise with cheques, which took at least a week to to transfer the funds to the retailer, this was a big cost to the retailer. With the advent of electronic payment systems the costs were either reduced, or transferred to support the payments systems. Overall the system we have is cheaper now than 20 or 30 years ago, everything is more efficient, however that causes the light to shine on other costs. Don’t forget that if it wasn’t for fraud, money laundering, people wanting tax free money from the till, theft by employees, armed robberies, things would be much simpler.
Oh you’re welcome to join the queue of people wanting to deal to s**tbirds like myself.
Good reply, unfortunately Mohammed lives in a different world and while he does make valid points at times his knowledge of banking is obviously limited. While the current system occasionally interferes with people conducting a legal business it’s much easier than the days when we used cheques and had to visit banks.
If the aussie banks were not a cartel they would drive the card payment fee to near zero.
Eighty eight percent of punters reckon they are being ripped by the banks with these fees.
https://www.neighbourly.co.nz/public/auckland/st-heliers/message/79289952
Well explained Terry.