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Visa Advocates Ban on Card Surcharge Fees

4/28/2025

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Summary

Story summary

Visa is pushing for a ban on surcharge fees that some merchants add to card payments, as the Commerce Commission reviews these charges. They are contemplating slashing interchange fees, with Visa emphasizing that these fees fuel payment innovations. The commission is determined to protect consumers from overcharging and streamline fee structures across New Zealand.

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Story summary

Visa is pushing for a ban on surcharge fees that some merchants add to card payments, as the Commerce Commission reviews these charges. They are contemplating slashing interchange fees, with Visa emphasizing that these fees fuel payment innovations. The commission is determined to protect consumers from overcharging and streamline fee structures across New Zealand.