Iconic Wellington ice cream shop Kaffee Eis has announced that it will no longer use the Paywave system after being stung with $20,000 in fees in just over a year.
Managing director Karl Tiefenbacher said that merchant fees had been more than they expected, and that “the second that we saw the numbers” he decided to drop the service.
"It means that the costs we are paying just way outweigh the benefits of having Paywave," Tiefenbacher said.
He also said that so far consumer feedback has been positive, and that most customers were aware of Paywave fees.
