Visa Debit favoured over Eftpos at ANZ and St George

ANZ Bank and St George Bank are promoting Visa-branded debit cards as an alternative to Eftpos. One attraction is that the cards can be used to make purchases over the internet where Eftpos is not an option. Visa Debit has lower fees to the card holder, but higher fees for merchants, who may choose to increase prices (or surcharge) payments made with Visa Debit in the same way as credit card purchases.

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