We went to purchase a $4.50 loaf of bread and we only had $4.40. The rude lady said the surcharge was 50 cents if we wanted to use a debit card. We did not buy the bread because of the fee.
Upon further investigation, the ACCC have bans on excessive merchant fees, specifically on items under $10. The recommended fee for debit/eftpos/tap and go is 0.5% and 1% on Credit Cards.
Extract from the ACCC website:
"If the business decides to charge a 50 cent surcharge for all card payments on transactions less than $10 and a customer buys a coffee for $4, that surcharge is a 12.5% surcharge. This would exceed the businesses cost of acceptance for that transaction"
The bakery wanted to impose a 11.1% fee on their $4.50 loaf of bread, therefore they have exceeded the cost of acceptance and I will be reporting them to the ACCC.
It's injust,...
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