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."

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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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jessica Walker: Consumer NZ Acting Head of Research and Advocacy on the growing calls to ban credit card surcharges

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bd452a93-f931-4208-9674-b2e4008028e9/transcript