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Thread: Shoppers face extra cost for card use

  1. #1
    MotherBear's Avatar
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    Default Shoppers face extra cost for card use

    Shoppers face extra cost for card use
    4:00AM Thursday Aug 13, 2009
    By Isaac Davison

    Consumers using credit cards could soon face higher costs after a Commerce Commission ruling gave merchants the right to charge levies.

    Credit card giant Visa has settled out of court on claims of price-fixing made by the commission, and has agreed to improve competition and disclosure.

    As a result merchants will no longer be prevented from applying surcharges to payments made by credit cards or by specific types of cards.

    When the change takes effect next April, merchants will also be able to encourage customers to pay by other means.

    The commission said there was no limit to the surcharges merchants - usually retailers or service providers - could apply. Shoppers would have to decide whether a surcharge was acceptable.

    More here.
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    Vile's Avatar
    Vile is offline Junior Member
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    This is not really good news for small retailers - the idea behind credit cards is to allow people to make impulse purchases when they may not have enough cash with them. If you then tell them they have to pay extra, it will put people off. I expect large chain stores will write off the surcharge as they have before, because they will hope to draw in more custom to make up for it. Small businesses may not be able to compete - again.
    shorter of breath, and one day closer to death

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