
NSW small businesses contend with how to cover merchant fees after card surcharge ban
I know this is a bit like flogging a dead horse now, but I found it interesting that one of the owners of Avenue Group, Mr Barbaro, states that the fees he’s paying for use of merchant terminals across his business are a ‘big hit’. I may be mistaken as I only did a quick online search, but it appears that Avenue Group own five Sydney establishments across Sydney: Avenue Group establishments.
So, 150k divided by five businesses comes to 30k annually, right? Less than $90 per day, per business.
Link to article: ABC article