Tag: merchant fees

The fight for fairer merchant fees escalates

In recent years, ACAPMA has received reports of significant increases in the cost of fees charged by banks to process electronic transactions (debit and credit) of fuel businesses. While some of this...

Paying too much in merchant fees?

By Australasian Convenience and Petroleum Marketers Association CEO Mark McKenzie. Chances are that, unless you have been closely following ACAPMA’s discussion on merchant services fees, you are probably unaware of the rising cost...

RBA inaction on merchant fees risks higher business costs

By Australasian Convenience and Petroleum Marketers Association (ACAPMA) CEO Mark McKenzie. In late 2017, ACAPMA began to receive inquiries from members about the rising cost of merchant fees (i.e. the charges levied...

Small businesses are wasting revenue in merchant fees

Many of Australia’s 2.1 million small businesses, says a specialist payment consulting firm, are wasting revenue by not investigating the best payment service providers. Nor are they making the most of least-cost...

Amex cutting merchant fees for small businesses

American Express is reducing the fees it charges small businesses in Australia that accept the Amex card. Fee reductions will vary by business, with most small merchants to be charged a rate...
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