New Zealand Bans Surcharges on In-Store Card Payments

In a move to enhance consumer protections, the New Zealand government has announced plans to ban surcharges on in-store electronic payments. Commerce Minister Scott Simpson stated that the Retail Payment System (Ban on Surcharges) Amendment Bill will be introduced by the end of this year, with the ban set to be in place by May 2026 at the latest.

This legislation aims to create a more transparent and cost-effective payment landscape for New Zealanders. By eliminating the additional fees often associated with card and digital transactions, the government hopes to provide consumers with a more straightforward and affordable payment experience when making in-store purchases.

The upcoming ban is part of the government's broader efforts to modernize the country's retail payment system and ensure fair practices for both businesses and consumers. As the use of electronic payments continues to grow, this move is expected to have a significant impact on the way New Zealanders conduct their daily transactions.