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Liberals join the EFTPOS fight

The Liberal Party has published an article on their website in support of the small business position on EFTPOS fees. While the article includes an ignorant party political shot at the end, it does include this useful call:

The Coalition calls on the big banks to reduce small business banking costs and fees by an amount equivalent to the new revenues created by ‘spinning off’ EFTPOS to ensure that the creation of the new business is not simply a ‘cost shift and double dip’.

I say ignorant about the last sentence because it was under the Howard government watch where the process started which has resulted in the current unfair EFTPOS regime.  No political party has good credentials when it comes to small business.

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EFTPOS fees

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