Eftpos, the payment system widely used in New Zealand for more than 30 years, is plummeting in popularity. The thought of them disappearing altogether is concerning for some people who don't like using smartphones or want to avoid the extra fees that come with PayWave. But while Eftpos faces an uncertain future, new and cheap forms of payment are starting to emerge. Tom Taylor reports.
Yeah, I think also people are happy to pay for convenience, even small ones (like pay wave vs putting your card and pin into the machine).
Also, I'm guessing it only counts as eftpos if you swipe your card? i.e. if you insert it to read the chip, it's technically not eftpos (I think?)
I don't like the idea of donating to the bank, even if it's only a few cents 😆
I'm pretty sure inserting the card is still EFTPOS, as this is still how it works even if the place doesn't have credit.
The fact that banks charge for pay wave is absolutely absurd to me especially in the age of covid, I had to switch banks when we got a home loan and their eftpos cards don't have pay wave so I was quite happy with that
The idea that we should have minimal government regulation seems insane to me, and I don't understand why anyone would vote for that. Without regulation, consumers get screwed over. I presume anyone voting to remove regulation are doing so on the idea that they are voting to remove regulations they don't like, without thinking about all the ones they benefit from.