Business
Afterpay and co have a reprieve but RBA decision comes with a warning – Sydney Morning Herald
The RBA didn’t rule out the prospect of reversing its decision on merchant surcharges somewhere down the track.
BNPL players dont want a 4 to 6 per cent charge added to the price of goods and services just because the consumer chooses to pay using this instalment payment method. It would tilt the playing field towards consumer credit/debit cards.
In landing its decision to leave BNPL rules as they are for now, the Reserve Bank applied two ingredients to its thinking. The first was its application of the greater good. It reasoned the harm no-surcharge may inflict on merchants is not enough to offset the positive…
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