Larry Williams Drive
Perspective with Heather du Plessis-Allan: Here's why the surcharge ban will fix nothing
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:02:33
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The news of the day, politically, is that surcharges are gone, as the Government's just banned them. You know what I'm talking about here, right? They're the little extra amount that you get pinged when you turn up at the dairy and you use your credit card, or you use your paywave - it's gone from May next year. The big sell behind this is basically that it's to help you with the cost of living crisis. Now, I hate to do this because I know you're thinking, "Oh, yay." And I'm totally gonna rain on that parade for you. Don't get excited, this is gonna fix nothing. You are still gonna end up paying that cost somehow, probably just through the cost of the bottle of milk that you're buying. Or your haircut, or your sushi or whatever it is - it's gonna be built into the price because the business still has the cost. Nothing is changing there. They've still got to pay that merchant fee. Now, a merchant fee is a very complicated set of charges which the business gets lumped with. And most business