ComCom Proposes New Interchange Fee Caps on Credit Cards - NBR | Business News & Analysis | Independent, ad-Free Reporting

ComCom proposes new interchange fee caps on credit cards - NBR | Business news & analysis | Independent, ad-free reporting

The Commerce Commission has suggested introducing new caps for interchange fees for Mastercard and Visa cards. It says the caps could save businesses about $40 million a year and help create a fairer, more efficient payments system.

ComCom moves to cap Mastercard and Visa fees, saving businesses $40m a year

The Commerce Commission is proposing new interchange fee caps on Mastercard and Visa commercial credit cards that will lower costs for businesses by some $40...

Cheaper Card Payments For Businesses Proposed

"When a retailer gets charged too much to accept a payment, that cost doesn't just sit with them. It gets passed on to all of us as consumers through surcharges and higher prices at the counter," Mr Brewer says.

Commerce Commission proposes cut in company card fees

Retailers could save about $40 million a year if lower limits on company card interchange fees are adopted, easing checkout costs.

ComCom proposes new fee caps to save businesses $40million

The Commerce Commission has released its draft decision to introduce caps on interchange fees for Mastercard and Visa commercial credit cards. The Commission considers capping these fees will drive a more fair and efficient payments system. New Zealand businesses currently pay approximately $125m each year in interchange fees to accept Mastercard and Visa commercial credit cards. “We expect our proposed interchange fee caps would reduce costs fo…

ComCom proposes capping commercial credit cards fees to save businesses $40m a year

Plans to limit interchange fees for Mastercard and Visa commercial credit cards outlined in Commerce Commission draft decision