🇦🇺Australia

High Payment Processing Fees

1 verified sources

Definition

The Mechanism: Due to suboptimal cashless payment choices in deposit collection, caterers incur layered fees from ewallets and apps. Manual tracking exacerbates reconciliation costs.

Key Findings

  • Financial Impact: 2-5% per transaction on credit/ewallet fees vs. <1% bank debits
  • Frequency: Per payment processed
  • Root Cause: Poor choice of payment systems without fee optimization

Why This Matters

The Pitch: Caterers in Australia lose 2-5% per transaction on high fees. Automation with low-fee bank debits cuts this expense.

Affected Stakeholders

Finance managers, Business owners

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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