Net Hike Fee

[Devilaz 0]

By increasing 3 to 5 times of fees to retailers. Will it affect consumers?

COME July, retailers will start to pay a higher levy to use Nets, the cashless payment system - and a number say they may be forced to push prices up to cope. And GST increase by 2% meaning 7% in total.

What are your views and thoughts with so much changes occur?

[taichizi 0]

The simplest solution... Don't use NETS...

Use Cash or CREDIT/DEBIT cards

[Devilaz 0]

well i hope so.

but if retailer increase their product prices even we used credit or debit isnt it the same?

[HSH21 1]

but if retailer increase their product prices even we used credit or debit isnt it the same?

Ya... before the GST increse... all price has already increase.... can milk increase by 50%... duck increase by $4... coffee also increase to $1 ...

[Fifi 0]

so much for going towards a cashless society...

[tientien 0]

NETS is appealing to the public to report merchants who impose the fee to consumers but i think there is still ways for merchants to disguise the fee in other ways.

i think the best way is to boycott using NETS and pay cash. when the consortium running NETS realised how much they are losing out in transaction, they may reverse the fee hike.

personally i will try not to use NETS whenever i can.

[Devilaz 0]

as for ur as consumers we will still lost out whenever we are using cash or nets. Since NET will be charge to retailers therefore their products will increase in price. And as for us as consumers we will need helping them to pay the NETS paying whenever we pay cash or payment by nets.

think now NETS are having a second thought on it.

[korea 0]

buy lesser things will solve the problem!

[wng 0]

Just buy what is required.

[kriegs 0]

if there is surcharge (or rather like penalty) for going cashless... I'll use cash!

as if there are any difference in value btw the 2

[wng 0]

Yap! That's what i do when i was told to pay additional for usage of credit card instead of cash.