New Zealand moves to lower merchant service fees for card transactions [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
The Commerce Commission is proposing a reduction of around $260 million a year to the largest component of the fees charged to New Zealand businesses to receive Visa and Mastercard payments. This could potentially save New Zealand businesses over $260 million a year, translating into lower costs for consumers." Was this helpful? Yes No What is the expected impact on consumers if the Commission's draft decision is implemented? If the draft decision is implemented, consumers can expect to benefit from lower surcharges of around 0.7% to 1.0%, or through prices of goods and services that reflect the lower fees." Was this helpful? Yes No How do businesses typically pass on merchant service fees to consumers? When customers pay using a credit card or contactless methods such as Paywave, the business is charged a 'merchant service fee', which is generally passed on to consumers through higher prices or surcharges." Was this helpful? Yes No What is the Commission'
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MA
Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website