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this post was submitted on 31 Mar 2026
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This is good on paper, but all it means is retailers will add the fee on to the price, increasing prices across the board.
The fee incurred by the merchant will also be reduced by way of the bank's fee to them being capped.
Sure, but any merchant fee will just be added on to the price of products now, so everything will be priced higher.
Look in all honesty you are probably right.
Your $5.08 coffee with surcharge will now be $5.20 without
Bingo - and even for people who pay cash who previously wouldn’t have to pay a surcharge.
that's true. When they pass things like this, the expectation is prices will go down. Prices never go down. it just means the retailers will get more of the profits :/
LINE MUST GO UP!
And the government knows prices will go up, and they’re happy cause they make more money in tax.