Institute of Certified Bookkeepers

The Fairer Merchant Fees Alliance wants to fix the merchant fee system through action by the banks, regulators and government. It comprises the Australian Convenience and Petroleum Marketers Association (ACAPMA), the Australian Retailers Association (ARA), the Council of Small Business Australia (COSBOA) and Master Grocers Australia (MGA). Pushing for the implementation of a system known as Least Cost Routing, the alliance is calling for banks to roll out the system quickly to assist small business in particular with reducing merchant fee expenses.

Read more of COSBOA’s article: Retail groups launch Fairer Merchant Fees Alliance to target unfair ‘tap and go’ charges

  • 17th February, 2020