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Scott Simpson: Commerce and Consumer Affairs Minister on the open letter urging Govt to rethink surcharge ban

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Manage episode 508150859 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Commerce and Consumer Affairs Minister is not sharing the same fears as retailers over the surcharge ban.

Scott Simpson says the legislation banning surcharges like PayWave is before the Select Committee and will be in place by next year.

36 business associations have written a letter warning the ban could be passed on through increased prices.

Simpson says a lot of businesses don't use surcharges - so won't be impacted or need to raise prices.

"The ones that choose to add that pricing in will be actually competitively constrained in the marketplace by those businesses that choose not to do so."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10665 episodes

Artwork
iconShare
 
Manage episode 508150859 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Commerce and Consumer Affairs Minister is not sharing the same fears as retailers over the surcharge ban.

Scott Simpson says the legislation banning surcharges like PayWave is before the Select Committee and will be in place by next year.

36 business associations have written a letter warning the ban could be passed on through increased prices.

Simpson says a lot of businesses don't use surcharges - so won't be impacted or need to raise prices.

"The ones that choose to add that pricing in will be actually competitively constrained in the marketplace by those businesses that choose not to do so."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10665 episodes

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