Newsagents take note that from September this year it will be illegal to impose payment surcharges on your customers that are higher than your ‘cost of acceptance’. Your cost of acceptance is what it costs you to process a payemnt such as bank fees and terminal costs. The ACCC is urging Newsagents and other small business owners to start preparing now for the ban on excessive payment surcharges that will apply to all businesses across Australia from 1 September 2017. Log in to read more
