Strypey
@strypey@mastodon.nzoss.nz  ·  activity timestamp 2 weeks ago

Until we have a vendor-neutral digital payment protocol, physical cash needs to be a payment option. Even if it's not used for the majority of transactions, having the option there prevents the handful of digital payment processors from ramping up transaction fees, the way they do online. Speaking of which ...

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Strypey
@strypey@mastodon.nzoss.nz replied  ·  activity timestamp 2 weeks ago

"There are some exceptions given to the bill's requirements, including online retailers and land purchases."

#NikDirga, 2025

https://www.rnz.co.nz/news/business/567371/new-zealand-first-s-cash-transactions-protection-bill-what-it-is-and-what-it-could-do

Bank transfer to an account number should always be accepted as an alternative to paying by debit/ credit card. Even if the transaction isn't considered complete until the transfer arrives in the receiving bank account.

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Strypey
@strypey@mastodon.nzoss.nz  ·  activity timestamp 2 weeks ago

Even a stopped clock is right twice a day ...

"... a new members' bill put forward by New Zealand First
would protect cash as a key option in transactions, requiring stores to take it for purchases up to $500. If drawn from the ballot and passed, NZ First leader Winston Peters said it would 'provide for the enduring use of cash as a private, accessible, and reliable method of payment'."

, 2025

rnz.co.nz/news/business/567371

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