Poll: Do you think Labour’s policy to slash paywave, credit card fees will help small businesses?
Labour is promising an end to expensive fees for things like paywave and card transactions.
The party wants to regulate Merchant Service Fees (MSF), which are high in New Zealand compared to other countries such as Australia.
These are fees charged by banks for services including card transactions and paywave, and force retailers to either absorb the hefty cost themselves, or pass it on to consumers.
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80.8% Yes
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19.2% No
New Year, New Questions You Won’t Solve!
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What it feels like speaking with a MAGA American:
Me: “Your total is $44.19. Cash or card?”
The customer hands me a credit card but the chip inside it has been hole-punched out.
Me: “Uh, I don’t think this will work.”
Customer: “Why not? It hasn’t expired and I have money in my account.”
Me: “Sir… the chip is gone.”
Customer: “I didn’t want the chip.”
Me: “The card won’t work without it.”
Customer: “It just means I can’t enter my PIN, but you can still swipe it.”
Me: “I don’t think it will work, sir.”
Customer: “Just swipe it.”
I swipe it to prove a point.
Me: “It’s not working, sir.”
Customer: “Then you’re doing it wrong. Swipe it again!”
I do so again with the same result.
Customer: “Maybe you should swipe it so that the magnetic strip isn’t the thing being swiped?”
Me: *Swiping it as suggested.* “Sure, why not? About as much chance of it going through without the magnetic strip as there is without the chip – oh look, it didn’t work.”
Customer: “Your machine must be broken!”