Wednesday 21 September 2011

Thank You Aldi

You’ve read about the new EFTPOS charges being introduced from 1/10/2011. The operators, EPAL, have refused to identify the impact of changes and whether or not retailers will pay more.
Aldi have decided to take EPAL to the High Court over their lack of transparency. It turns out that EPAL is run by the big banks plus Coles and Woolworths. Apparently they have re-jigged their pricing so that retailers will be forced to pay 5 cents for every transaction over $15. The bombshell is that costs haven’t changed and the fee won’t be charged to Coles or Woolworths (surprise, surprise).
Don’t you just hate getting ripped off? Meantime, thank you Aldi for taking up the fight.