Let alone the bullshit credit card charges everyone is charging these days. Especially as The Retail Payment System Act 2022 is now in force capping the price retailers pay to 0.8%

[–] [email protected] 7 points 1 year ago (3 children)

If it's capped, how do places like PBTech get away with charging 1-3%? Genuinely curious.

[–] [email protected] 6 points 1 year ago (1 children)

As I understand it, the fee is a cap on how much the payment processer can charge the bank. The amount the bank charges the retailer and the amount the retailer charges the customer are not capped.

This is based on this page: https://comcom.govt.nz/regulated-industries/retail-payment-system

[–] [email protected] 4 points 1 year ago

Thank you that makes more sense. Even if it is asinine.

[–] [email protected] 4 points 1 year ago

As long as they don't claim it's to cover the costs from credit cards (in that case they can only charge the actual costs) they can add whatever surcharge they want

[–] [email protected] 4 points 1 year ago

At least they offer online eftpos now. So much better than using poli or bank transfer.