In New Zealand, Consumer NZ advises businesses to limit PayWave surcharges at 2.5% or less.
New Zealand's PayWave surcharges vary, typically 2.5% but some retailers charge less; Consumer NZ advises that surcharges should not exceed 2.5% and warns businesses about excessive surcharges. Merchant service fees for credit card and PayWave transactions are a significant cost for small businesses. While PayWave usage has grown due to its convenience, customers should be aware of potential surcharges and clearly displayed fees.
May 19, 2024
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