Payments provider Tyro is partnering with digital payment solutions company Afterpay in a deal which will see Afterpay’s deferred payment plans spread across thousands of small businesses through Tyro’s EFTPOS platform.
With Christmas and the year’s end there’s always a swag of reports about festive season spending. In a new report from EFTPOS payments provider Tyro, Australians are forecast to make 1.5 billion transactions between now and the end of the January post-Christmas sales – peaking at an estimated 85,000 transactions per minute - and amounting to a six week $100 billion spending spree.
New bans on large businesses charging consumers excessive payment surcharges have now come into effect, prompting a reminder from the ACCC that the new law limits the amount large business can charge customers for use of payment methods such as most credit and debit cards.
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