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NETS has announced that it will increase its service charge to its merchants. Its new rates move it closer to what credit-card companies charge their merchants.
Credit-card companies support their merchants by encouraging cardholders to spend. They advertise on behalf of merchants, give spending points to customers to encourage them to spend more, and provide free terminals and free charge slips.
It would be a nice gesture on Nets' part to waive terminal charges and provide charge slip papers.
James Tan Sek Lock
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