WHOA!!! How come we're not talking about this????RBA governor Michele Bullock said buy now pay later services were a “specific issue” that its next review of retail payments regulation would focus on.
In particular, she said the RBA was in favour of introducing “formal regulation” to allow merchants to pass on the cost of paying with buy now pay later to customers as a surcharge, much in the same way as some merchants charge a surcharge when a customer pays by credit card.
“We have concluded that merchants should have the right to surcharge BNPL [buy now pay later] services, which are expensive means of payment, just as they have the right to surcharge card payments.”
$2 PARTY, page-1347
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