US EditionNew Zealand to Ban Surcharges on In-Store Electronic Payments
NEW JERSEY, JUL 29 – The bill would prohibit monthly fees on E-ZPass accounts charged by authorities and third-party administrators to address public concerns over unnecessary charges.
- The government plans to ban surcharges on card payments in-store, helping shoppers avoid unexpected fees when using contactless technology.
- Legislation is expected to be introduced to Parliament by the end of the year, with the ban going into effect by May 2026.
- Commerce and Consumer Affairs Minister Scott Simpson stated, "That pesky note or sticker on the payment machine will become a thing of the past."
- The proposed law will cover most in-store payments using Visa and Mastercard but will not apply to online purchases or other international card schemes.
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Surcharge sticker shock to end as government bans most fees at the till
The move to scrap in-store surcharges is good news for consumers but has many retailers and card issuers crying foul, writes Catherine McGregor in today’s extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. End of the surcharge sticker era beckons The dog-eared masking tape stuck to payment terminals across New Zealand may soon be consigned to history. In a move the government says will save consumers up to $15…
·New Zealand
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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