this post was submitted on 07 Jul 2023

25 points (100.0% liked)

Aotearoa / New Zealand

1656 readers

38 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

For politics , please use !politics@lemmy.nz
Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
If you need help using Lemmy.nz, go to !support@lemmy.nz
NZ regional and special interest communities

Rules:

Don't be a dick

FAQ ~ NZ Community List ~ Join Matrix chatroom

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago

MODERATORS

25

Prices set to rise as retailers battle high costs and fear of closure (www.stuff.co.nz)

submitted 1 year ago by Taubin to c/newzealand

13 comments fedilink hide all child comments

Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year.

Surely raising prices will help them sell more!

you are viewing a single comment's thread
view the rest of the comments

[–] Dave 6 points 1 year ago (1 children)

As I understand it, the fee is a cap on how much the payment processer can charge the bank. The amount the bank charges the retailer and the amount the retailer charges the customer are not capped.

This is based on this page: https://comcom.govt.nz/regulated-industries/retail-payment-system

[–] Taubin 4 points 1 year ago

Thank you that makes more sense. Even if it is asinine.