ComCom targets merchant service fees
Watchdog consults on fees which it says are too high compared with other countries.
Consumers spend about $95 billion using Mastercard and Visa each year in New Zealand.
The Commerce Commission wants to ease the complexity of merchant service fees when paying at card terminals and to lower the cost burden on consumers.
The markets watchdog wants to promote efficiency and competition within the retail payment system.
Chair John Small said consumers spend about $95
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