A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Removing middlemen from a bank deal

There is a bit of noise around about alternative bank deals for newsagents. This has sprung up after I announced the deal with St.George and Bank SA.

Key to supplier relationships like this is the understanding who makes what. Banks offer sign up fees as well as a commission on transaction fees. I have rejected these to ensure the best deal for newsagents. There is no middleman.  For too long there have been too many middlemen taking a piece of what newsagents ought to make.

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