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Eftpos plummets in popularity as newer forms of payment emerge
(www.rnz.co.nz)
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this post was submitted on 11 Aug 2023
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Yeah, I think also people are happy to pay for convenience, even small ones (like pay wave vs putting your card and pin into the machine).
Also, I'm guessing it only counts as eftpos if you swipe your card? i.e. if you insert it to read the chip, it's technically not eftpos (I think?)
I don't like the idea of donating to the bank, even if it's only a few cents 😆
I'm pretty sure inserting the card is still EFTPOS, as this is still how it works even if the place doesn't have credit.
The fact that banks charge for pay wave is absolutely absurd to me especially in the age of covid, I had to switch banks when we got a home loan and their eftpos cards don't have pay wave so I was quite happy with that
The idea that we should have minimal government regulation seems insane to me, and I don't understand why anyone would vote for that. Without regulation, consumers get screwed over. I presume anyone voting to remove regulation are doing so on the idea that they are voting to remove regulations they don't like, without thinking about all the ones they benefit from.