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Speaker 1: Small retailers are pushing back at the government's move to

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Speaker 1: bank credit card surch charges from next year. The Commerce Minister,

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Speaker 1: Scott Simpson told us he is doing a good thing.

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Speaker 2: What we want is to have transparency of pricing. Well,

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Speaker 2: if a retailer doesn't want to take a payWave, they

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Speaker 2: don't have to. There are other ways.

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Speaker 1: Of pay and Bansal is the chair of the Dairy

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Speaker 1: and Business Owners Group and with us high An.

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Speaker 3: Kit Well, hi, heither, thanks for having having me on

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Speaker 3: the show.

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Speaker 1: Yeah, do you like this idea of banning the surcharges?

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Speaker 3: Oh? Look, Rita. The retailers already concerned by the dis

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Speaker 3: proposed changes as the banks can still charge us whatever

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Speaker 3: the tanjection fees they're like, or we can't pass it on,

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Speaker 3: so that seems unfair to us.

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Speaker 1: How much do you get charged in your merchant fees

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Speaker 1: every year?

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Speaker 3: Well, well, on our average small retail is a payer

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Speaker 3: somewhere on between seven and ten grand are you on

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Speaker 3: depending on which banks they're with.

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Speaker 1: And is it going to get past is it just

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Speaker 1: going to simply be built into the prices that we pay? Now,

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Speaker 1: what are you going to do? Are you going to

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Speaker 1: absorb it?

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Speaker 3: Absolutely? Now it has to be passed them to the

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Speaker 3: consumers and the problem is we have to do it

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Speaker 3: across the board, so even if someone who was paying

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Speaker 3: with cash will still one way or another will pay

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Speaker 3: for these charges.

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Speaker 1: Did you did you warn the government before they did

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Speaker 1: this that that would be the likely impact.

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Speaker 3: We were like, we were taken by surprie. We had

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Speaker 3: no idea that this is coming. So but we will

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Speaker 3: be definitely working with our minister and we will be

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Speaker 3: raising these issues with him.

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Speaker 1: Okay and Kit thanks very much, really appreciate it. And

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Speaker 1: kid ban Cell Dairy and Business Owners Group. For more

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Speaker 1: from Hither Duplessye Alan Drive, listen live to news talks.

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Speaker 2: It'd be from four pm weekdays, or follow the podcast

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Speaker 2: on iHeartRadio