EFTPOS

Mm-hmm

... and yeah, uh, also EFTPOS, which was kind of a funny one that they decided to try here first.

And yeah, a lot of people I think thought that we were late to the party, 'cause I think people tend to think New Zealand gets things last.

Yeah.

We get, you know, often we'll get movies and things like after the US does.

So people would go overseas and be like, "Why is everyone using cash? Why don't they have EFTPOS?"

Yeah, right.

[chuckles] Exactly.

If the card machine's working, it's a good day at Lockhart Oval.

The, the EFTPOS doesn't work there.

Yeah, 'cause the reception's barred out in Lockhart.

[laughs] They kept it right near the front tower.

So what you're going to do is step one is you're going to pick up the phone and call your merchant for your merchant facility.

So this is the person who provides you with an Air Force machine.

It might be timely pay.

It might be square.

Whether a client is paying for it or whether we're paying for it, we want that fee to be as low as possible.

That's the first step that we're going to take.

I'm going to bring in some numbers, but obviously use your own discernment and depending on how the volume of transactions that you actually make on your Airpods machine will depend on the rate that you can be offered.

The lowest rate that we have got for one of our private clients is 0.8%.

So we're seeing a fairly significant bump in prices.

Keeping in mind today is the day that the Reserve Bank and the ACCC have handed the keys over to Visa, MasterCard, EFTPOS and Amex to have their no surcharge rule.

So they are, they are the ones now running the show, and they are the policemen when it comes to, uh, uh, determining what happens with this.

Oh, it just feels like to me, Brad, that small businesses are going to have to absorb the cost.

Give them a few days.

Uh, and as, beyond that, it's really up to the merchant to run their business.

Um, and as I said, it's Visa, MasterCard, EFTPOS and Amex who are the policemen here.

They are the ones who, who run the show.

Aussies won't be slugged a surcharge for paying by a card from October first.

Businesses can no longer add a card surcharge to EFTPOS, Visa, or Mastercard payments, with American Express also removing surcharging under its merchant rules.

But while that surcharge is disappearing, businesses will still face costs for accepting card payments.

Interim findings show high fatigue risks for air traffic control staff at Sydney Airport had been identified at the time of the most recent safety incidents.

There are warnings the price of some products will rise when credit and debit surcharges are phased out from next week as part of Reserve Bank reforms.

In a move expected to save consumers $1.6 billion a year, merchants will no longer be able to charge fees for the use of EFTPOS, Visa, Mastercard and American Express payments from 1 October.

But payment systems experts say merchants may want to recoup their lack of surcharge by inching up their prices.

And British Prime Minister Andy Burnham has called on Israel to cease its strikes on Gaza and for Hamas to disarm.

And I'd be interested to see whether they say that about 28, 30% or 28.9% is debit cards.

But There's quite a big difference between sort of debit cards that mimic credit cards and your old EFTPOS card that you just have to swipe.

So that thing of being able to tap and go or buy online.

So you've got young kids getting proper debit cards as soon as they can, 15 or something, because they want to buy stuff online online.

Yeah, and

like, to be honest, the banks do quite a lot to discourage EFTPOS cards because, you know, there's no fees on them, which is...

Right, yeah, yeah.

You know, I mean, that was kind of...