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
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.8% Yes! It's better to regift what I don't need
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20.2% No. It's the thought and effort that matters
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Driven On The Akatarawa Rd Lately?
If so, its good to know you are still alive and reading this.
We have a function to go to over Christmas up that way and having heard a few hairy stories about the road, I went up there on Thursday to check it out. The road's ok, narrow and winding, but not much worse than a Wellington hill suburb. What was pretty scary was the behavior of other drivers. Three vehicles heading the other way at speed would have crashed into me if I hadn't been pulled off the road. I had pulled in to check the address when a truck came flying past, taking up all of the narrow road at speed. There is no way the driver would have been able to stop had they come around the corner immediately in front of me. The other two drivers came hurtling past as I had turned in to turn around and come back down the hill. They were also driving at speed and taking up most of the road. Coming back down I passed another car coming up and estimate that the safe speed to pass another car was about 30-35 kms.p.h. So, now we're thinking, do we go to the function or not.? Feels a bit like we're taking our life in our hands going up there. Drivers appear to be overconfident, and they are courting serious injury.
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