Visa and Mastercard have launched a new campaign against credit card merchant service fee surcharging, spurred it seems by the recent changes to the Eftpos system. Their press releases have seeded a range of recent articles, all written from the Visa/Mastercard perspective. The Visa/Mastercard line cynically hides their self interest behind allegations of ‘rip-off’ merchants. [...]
Tag Archives | Credit Cards
Australia’s leadership in credit cards
Many may not know that Australia was the first country in the world to allow merchants to surcharge customers for the use of credit cards. New Zealand has since followed. To most members of the public, this once hidden charge appears to have come from no-where. Many are upset and wonder how they’re getting screwed [...]
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