Small Business fights for lower merchant fees

NATIONAL

MGA TMA, ACAPMA (Australian Convenience and Petroleum Marketers Associations), and other small business and retail organisations have advocated lower debit transaction merchant fees by mandating least-cost routing (LCR) as the default. Following a recent meeting, MGA TMA and ACAPMA have written to Senator Andrew Bragg to again, bring this to the attention of the Treasurer. There is an opportunity for the Coalition to make a firm commitment in the run-up to the Federal election to mandate LCR. This commitment would deliver very tangible benefits to small businesses struggling to recover from the COVID pandemic, amounting to thousands of dollars a year.