Business
Zip puts its marketing spin on RBA’s ‘no surcharge’ ruling – The Australian Financial Review
Buy now, pay later providers welcomed an RBA decision on Friday, but analysts expect prohibitions on merchant surcharging to eventually be banned.
Afterpay has consistently argued it should not be considered to be a payments system but rather as a retailing platform that provided retailers with benefits beyond moving money, including higher order values, increased orders, more customers, reduced marketing and customer service costs, and lower return and fraud rates.
But banks, some merchants and consumer groups generally want buy now, pay later providers to remove no-surcharge rules largely on the basis of higher costs, consistency and competitive…
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