Coonamble retailers have given mixed reviews as the Reserve Bank of Australia (RBA) calls for submissions to their draft proposal to end card surcharges.
The bank wants to allow payment services like Visa, Mastercard and EFTPOS to ban businesses from passing on the costs of electronic transactions to their customers by adding surcharges.
The RBA says the move would save the average Australian $60 a year, but Global Village café owner Ahmad ‘Al’ Karanouh says businesses would have to pass the costs onto customers in other ways.
As an example he said cafes . . .
Access to this content is available via a current Coonamble Times subscription.
Purchase single issue downloads of the Coonamble Times online editions for only $2.50 or become a subscriber for full access to online flip-books, archive downloads and the latest local news content.
For free content see our Featured Local News category