Credit card company Visa is calling for a ban on the surcharge fee some merchants charge card-paying consumers at the point of sale.
The Commerce Commission was undertaking a review of card charges, and considering cutting the regulated interchange fee card companies can charge banks by as much as 75 percent, for example.
Card interchange fees were in turn passed on by banks to merchants at whatever rate the merchant can negotiate, meaning that some pay much more than others.
Hey I have an idea. Why don’t we invite some competition to the marketplace. Maybe Alipay or Wechat. Even better why don’t we start using premined crypto coins. Even better why doesn’t the government mint it’s own premined crypto and set up some servers to handle the transactions.
The mere threat of any of the above should get Visa to back off.
Fuck off with the crypto.
Yeah. Bro had me until the crypto shill.