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Credit card surcharging under fire

23/03/2010

The New South Wales Government has launched a research project into exorbitant credit card surcharges, and will campaign to have them lowered. In 2003 the Reserve Bank abolished the "no-surcharge rule", allowing merchants to recover the costs of card use.

"Businesses should be entitled to recover costs, but I don't think it is fair for consumers to be slugged with charges just for using a credit card," said NSW Fair Trading Minister Virginia Judge. Taxis and airlines are slugging customers up to 10 per cent, with Qantas and Tiger airways charging passengers $7.70 each in card surcharges.

Source: Herald Sun



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