Episode Details
Back to Episodes
Jessica Walker: Consumer NZ Acting Head of Research and Advocacy on the growing calls to ban credit card surcharges
Published 1 year ago
Description
Mastercard has recently released a survey showing a significant amount of Kiwis want credit card surcharges banned.
The data shows 61 percent of respondents would support a ban and 75 percent don't believe surcharges are fair - and 44 percent feel retailers should absorb the costs.
Consumer NZ's Acting Head of Research and Advocacy, Jessica Walker, says the surcharge debate is a complicated topic.
"Businesses are charged a fee for using these payment networks - and of course, Visa and Mastercard are going to benefit from surcharges being banned, because it means more people will use Visa and Mastercard."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.