

This is a good move but we have gone full circle.
- Vendors cover cost to offset the cost of cash handling.
- Vendors then pass on costs but at extra on top, stop trying to push using eftpos or cheaper methods. Coincides with tap to pay even on debit cards.
- Government mandates that vendors can charge whatever but it has to reflect their actual cost and be shown
- Vendors don’t bother to negotiate and charge 1.21% quite often.
- My eftpos (0.3% or less) is now getting a 1.2% mark up at one provider i go to, so I just use the credit card because they didn’t bother.
- vendors to cover costs (see #1)
The whole country now sending way more to visa and master card for 0 gain to the country.
To my international friends, eftpos is an Australian bank card processing system but only works for bank cards not credit cards.








TIL…