Bank removes surcharge fees

BSP's Haroon Ali (left) having discussions with Reserve Bank of the Fiji governor Ariff Ali during a break at the Attorney-General's Conference at Intercontinental Fiji Golf Resort & Spa in Sigatoka.Picture: BALJEET SINGH

The BSP Financial Group Ltd (BSP) yesterday announced the removal of surcharge fees on all locally issued Visa Debit cards (VDC) transacting on BSP EFTPoS terminals.

In a statement yesterday BSP country head Haroon Ali said removal of the surcharge fees would enable their EFTPoS merchants to process transactions from a wider group of local Visa Debit cardholders apart from BSP customers.

“This essentially means fee free transactions for cardholders and reduced transaction processing fees for merchants,” he said.

“We are delighted to make it cheaper for BSP EFTPoS Merchant’s to accept locally issued VISA Debit cards which is a more convenient way of receiving payments for sale of goods and services rendered. Also, customers prefer the simplicity of cashless and contactless transactions, available through scheme branded cards, such as VISA Debit which allow for ‘tap & go’ facility on BSP EFTPoS terminals,” he said.

“Furthermore, BSP customers no longer need to have both, a Visa Debit Card and the local proprietary EasyCard that was primarily held to avoid any Surcharge Fee” said Mr. Ali.

“The surcharge fee waiver does not apply to credit cards and offshore debit cards being processed on BSP EFTPoS Terminals”.

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