“Who the hell does the RBA think will bear the cost of this ridiculous decision? First, merchants, and then customers,” Lambert said.
So why don’t you fight for the banks to stop charging merchants those fees, since they have many orders of magnitude more money than you, and you have magnitudes more than the customer? I grabbed breakfast from the cafe in my apartment building the other day, they charged $9 for a plain croissant, plus the card surcharge. We’re getting fucking robbed here and all you can do is pretend to care that the bank will force you to charge us more.
Dimand@aussie.zone 3 weeks ago
I’m with the RBA on this one. The price on the sticker should be what I pay no matter the format I pay in. It’s one of the great things about aus.
Cash still has significant overhead and businesses manage to account for that. Digital should be no different.
beeng@discuss.tchncs.de 3 weeks ago
Then it should be cheaper for cash payment.
Dimand@aussie.zone 3 weeks ago
Oh for sure. Cash is expensive to count, store and move. Never understood how an armour guard car with 2 people emptying ticket machines made much sense, even back in the day.
However, the infrastructure to run electronics payments is not trivial. The combination of volume, security and reliability needed adds up in hardware and software. I doubt it will ever be free to transfer money in any form.
MisterFrog@aussie.zone 2 weeks ago
I don’t like this because it doesn’t incentivise low cost cards. If you don’t then regulate the fees cards can charge, and how payment providers are allowed to pass on those costs to the retailer, it’ll become a race to the bottom on rewards cards, and how much they then turn around to charge the retailer.
We’ll all bear the cost then.
And frankly, I don’t want to pay for others frequent flyer miles.
I’d go one step further and just outright ban rewards cards. That shit is just perverse incentives all the way down.