The Commerce Minister says he's disappointed in businesses who say they will pass on the cost of surcharge scrapping.  

Most in-store surcharges on card payments will be banned, with the changes set to kick in next May.  

Scott Simpson says this is a win for consumers.  

He told Mike Hosking they've also taken action on the fees banks charge businesses.  

Simpson says those rates will be lower following regulation that will kick in at the end of the year.  

LISTEN ABOVE 

The Commerce Minister says he's disappointed in businesses who say they will pass on the cost of surcharge scrapping. &nbsp;
Most in-store surcharges on card payments will be banned, with the changes set to kick in next May. &nbsp;
Scott Simpson says this is a win for consumers. &nbsp;
He told Mike Hosking they've also taken action on the fees banks charge businesses. &nbsp;
Simpson says those rates will be lower following regulation that will kick in at the end of the year. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Scott Simpson: Commerce Minister on the Government scrapping in-store card surcharges

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a4b54ffd-2620-414b-963b-b328015444b2/transcript