ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

'Really complicated': Consumer NZ addresses growing calls to ban credit card surcharges

Author
Newstalk ZB,
Publish Date
Wed, 21 May 2025, 7:46pm
Photo / NZME
Photo / NZME

'Really complicated': Consumer NZ addresses growing calls to ban credit card surcharges

Author
Newstalk ZB,
Publish Date
Wed, 21 May 2025, 7:46pm

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

Take your Radio, Podcasts and Music with you