Opinion

There are more hidden costs to payments than people think

Consumers should not pay excessive surcharges, but a total ban will not lower the expense of card payments for businesses.

Jon DaveyTyro Payments chief executive

Dec 19, 2024 – 12.00pm

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Did you pay a surcharge with your coffee this morning? It’s likely you helped pay for the cost of the software used to take your order.

If this doesn’t sound like it should be allowed, you’re right.

Jon Davey is the chief executive of Tyro Payments.

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