SMEs to wear ultimate cost of surcharge ban
The new ban on excessive card surcharges has simply shifted the cost burden of card merchants from consumers to smaller businesses, a business analyst has claimed.
Michael Stafford of Perth-based 6seed said that while banning surcharges above and beyond the actual cost of transactions is welcomed to stop businesses profiteering, it does nothing to solve the “root cause” of the problem – i.e. the fact that such high fees exist at all.
Read the full article on My Business.