Straits times today page H5 headline 'NETs defends fee hike on its website'.
The website address:
www.nets.com.sgInteresting..the article mentioned that retailers are not allowed to pass on the merchants' transaction fee to consumer..
Currently trx fee 0.35-0.55 will go up to 1.9% from July 1. The article also mentioned the rogue retailer, Dynasty Shoes which has been passing the charge to consumers since April 1 even though Nets said it was not supposed to. Well, the owner Mr Patrick B.W. said he will continue levying the 1.7% trx fee to consumers paying by Nets until told otherwise. Hmmm, the article also carried out the receipt which shows the retailer address at #01-06 Parkway Parade, 80 Marine Parade Road, S449269, tel: 63446957. You can call 62741212 if you come across such cases.
One way or the other, in the long run I think NETs would have to phase out if retailers decide not to use its Nets facilities if consumers decide not to use NETs.