Banning contactless and credit card surcharges won’t help – open banking reform is what’s needed
- Written by Alexandra Andhov, Chair in Law and Technology, University of Auckland, Waipapa Taumata Rau
Jorge MataWe’ve all been there – absentmindedly tapping a credit or debit card to pay for something at a shop, only to remember moments later there is a 2.99% surcharge.
These surcharges are extra fees added to the total when a shopper opts for credit card and contactless payment rather than swiping and entering a PIN with a debit card....
