NETS = Indirect taxation?

[myjohnson]

According to retailers I talk to, the 1.9% charge for transactions made is passed on to customers although they know it'll hurt their business as well.
AS naturally the extra money through many filters will end up as tax into the government's coffers, wouldn't this be another form of indirect taxation? What's next, from 1.9% to 2.9%?

 

[Adidas]

hey i though NETs said that retailers cannot pass those charges to the customers,only Pools can charge customers for the usage of NETs.

 

[myjohnson]

I'm the retailer. I just raise the price by 2%. What's your take on that?

 

[sonic]

btw, who owns nets? by a GLC?

 

[ilovesg]

NETS is owned by the 3 local banks

 

[chinkangkor]

The purpose of NETS increasing its charges to 1.9% on retailers is to force retailers to accept credit cards payments. Right now, many small retailers only accept NETS but not credit cards. This is bad for tourists to only carry credit cards.

 

[hughgrant]

NETS is not the only reason y we pay more nowadays.
hell, even the economy rice i buy now is really ecomony in size