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Small retailers slugged for interchange credit card fees

Leave a Comment / Business matters, Technology /

Large retailers are gaining volume discounts on credit card interchange fees, while small-medium-sized retailers including convenience stores are being slugged with much higher credit and debit card and eftpos ‘interchange’ fees than large national chains such as Coles and Woolworths. This is happening under an interchange fee system that hasn’t changed much since 2006-08, regulated […]

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Rates, earnings forecasts, retail trade data combine for a bright outlook

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Australian Bureau of Statistics Retail Trade figures released today show that Australian retail turnover rose 0.4% in July 2014, seasonally adjusted, following a rise of 0.6% in June 2014. The largest contributor to the rise was cafes, restaurants and takeaway food services (1.4%) followed by food retailing (0.5%), department stores (1.9%) and clothing, footwear and

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