7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
The convenience of tapping your card instead of inserting or swiping could be costing Australians up to $1 billion a year in surcharges, with many unaware about the “hidden fees” behind the simple act. Most of us now tap our cards to pay for goods and services without a second thought — the modern way of paying now ingrained in our daily shopping habits.
American Express card payments are even more, charging merchants 1 to 1.5 per cent. Earlier this year, Australian Small Business and Family Enterprise Ombudsman Bruce Billson said tap-and-go payments are costing businesses between $800 million and $1 billion a year in extra charges. He said while the surcharges might not look like much on small payments, they really make a difference on large ones.
Business Finance Business Money Lifestyle Personal Finance
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Out for numero uno’: Anne Edmonds, Lloyd Langford take on TaskmasterCan Australia’s best-known comedy power couple survive the inspired silliness of Taskmaster Australia?
Read more »
‘Out for numero uno’: Anne Edmonds, Lloyd Langford take on TaskmasterCan Australia’s best-known comedy power couple survive the inspired silliness of Taskmaster Australia?
Read more »
Former police officer’s deathbed confession over 10-year armed robbery spree7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Former Western Force player Brynard Stander chases down Karrinyup stabbing accused7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Best H&M winter pieces to wear to work: Major retailer releases ultimate cold weather uniform7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Rare sale on Collagen Co brand shoppers love for slimming waistlines and growing hair7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »