Consumers to face rising EFTPOS charges

By Lorna Brett · 15 August 2011 · Locked

Consumers to face rising EFTPOS charges

EFTPOS fees set to skyrocket

The big banks are about to impose new charges on EFTPOS transactions, but will they listen to consumer concerns? Find out what this means for your wallet and the economy.

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Summary

Consumer confidence will likely take another hit unless the big banks reject a looming deadline to raise EFTPOS fees, with proposed new “interchange fees” to come into effect from 1 October.

Tags: Consumer Confidence, Debit Cards, EFTPOS, EFTPOS fees and charges, EFTPOS terminal, EPAL