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Retail Payment System Act 2022

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

33: Pecuniary penalty for contravention of merchant surcharging standard

You could also call this:

"Breaking merchant surcharging rules may mean you have to pay a penalty."

Illustration for Retail Payment System Act 2022

If you are a merchant and you break a rule in the merchant surcharging standard, you may have to pay a pecuniary penalty. You can find more information about pecuniary penalties in subpart 3. This is what happens if you do not follow the rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS532507.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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32: Subject matter of merchant surcharging standards, or

"Rules about how merchants charge you extra for payments"

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34: Amendment and revocation of merchant surcharging standards, or

"Changing or cancelling rules about extra fees merchants charge"

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

33Pecuniary penalty for contravention of merchant surcharging standard

  1. A merchant who contravenes a requirement of a merchant surcharging standard is liable to a pecuniary penalty.

  2. See subpart 3 for further provisions about pecuniary penalties.