There two separate things happening. 1) The government has stated they are going to ban surcharges for debit cards from 01/01/26. 2) The RBA has stated they are going to have an enquiry into the level of fees that service providers charge retailers to take electronic payments (debit cards & credit cards)
1) Will kill the business model of free terminals for a pass through surcharge. 2) Would reduce margins earned by service providers for a fee based service (as opposed to a pass through surcharge) if the fees are deemed too high.
So one, assuming the government passes the legislation (which it should as the Greens will support it) will happen. The other may compress margins.
Neither of these are positive for SMP.
SMP Price at posting:
67.0¢ Sentiment: Sell Disclosure: Not Held
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