Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag New Zealand bans in-store card surcharges by May 2026 to save consumers $150 million yearly.

flag New Zealand's Retail Payment System (Ban on Merchant Surcharges) Amendment Bill has passed its first reading, banning surcharges on in-store EFTPOS, Visa, and Mastercard payments, including foreign-issued and commercial cards. flag The move, supported by the Commerce Commission, aims to simplify payments, improve consumer choice, and save businesses up to $90 million annually. flag The ban, expected by May 2026 after a one-month implementation period, excludes online and non-Visa/Mastercard transactions. flag The Commerce Commission estimates New Zealanders currently pay about $150 million in surcharges yearly. flag Public submissions are open for the proposed legislation.

6 Articles