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New Zealand business groups urge rejection of merchant surcharge ban, fearing broad price hikes and harm to small firms.
New Zealand business groups are urging the government to abandon a planned ban on merchant surcharges, warning it would force across-the-board price hikes and harm small businesses.
They advocate for capping fees at 1% for personal domestic credit cards and 0.5% for debit, arguing this balances consumer protection with business sustainability.
The groups say a blanket ban would unfairly shift costs to all customers, reduce transparency, and stifle innovation, especially as upcoming interchange fee cuts take effect.
They call for government engagement to develop fair, targeted regulations that account for foreign and commercial card fees while supporting FinTech growth.
Los grupos empresariales de Nueva Zelanda instan al rechazo de la prohibición de recargos comerciales, por temor a un aumento generalizado de los precios y al daño a las pequeñas empresas.