(File photo)Merchant service fees were unregulated and have been set higher in New Zealand than they were in Australia, he said. “One of the main components of merchant service fees is the interchange fee. Supplied Restaurant Association chief executive Marisa Bidois says hospitality businesses have struggled with merchant card fees. Retail NZ chief executive Greg Harford said he welcomed the Government’s decision to tackle merchant fees but he would like to see the rules go further. “However, we note that there [are] other charges included in the overall merchant service fee charged to merchants.

Source: Stuff May 11, 2021 21:34 UTC