Inflation

Excessive card fees for small business stoke inflationary fire

At Mr. X Café in Mudgee, NSW, Mark Newman roasts his own coffee and attracts a steady stream of customers every morning. Most pay by debit card - now widely seen as the “new cash” - while some use credit, and others still use cash. He charges them using Square, one of the independent fintech companies providing point-of-sale services for small businesses.