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Retail Payment System Act 2022

Merchant surcharging, monitoring and enforcement, and miscellaneous provisions - Merchant surcharging standards

30: Commission may issue merchant surcharging standards

You could also call this:

"Rules for merchants who charge extra for payment services"

Illustration for Retail Payment System Act 2022

The Commission can make rules called merchant surcharging standards. You need to know these rules can affect merchants who use payment services for retail payments. A merchant surcharging standard can apply to different merchants, networks, or situations, and you can find out more about how these standards are published by looking at Part 3 of the Legislation Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS532501.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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29: Purpose of this subpart, or

"Making sure you don't get charged too much for payment services"

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31: Process for issuing merchant surcharging standards, or

"How the Commission creates rules for merchants to charge extra fees"

Part 3Merchant surcharging, monitoring and enforcement, and miscellaneous provisions
Merchant surcharging standards

30Commission may issue merchant surcharging standards

  1. The Commission may issue merchant surcharging standards.

  2. A merchant surcharging standard may impose requirements on merchants that use payment services for retail payments.

  3. A merchant surcharging standard may—

  4. apply to all merchants that accept payment services from networks or a class of those merchants:
    1. apply to all networks, a particular network, or a class of networks:
      1. apply in all circumstances, particular circumstances, or a class of circumstances (for example, in relation to payment methods or payment products).

        1. A standard issued under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

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