I have been shown a document sent to a newsagent considering the Suncorp Eftpos arrangements being promoted by the ANF in the wake of the collapse of Bill Express.
The document I have seen claims the ANF receives 40% of the commission amount paid on prepaid product and that the newsagent receives 60% of the commission amount.
If this is correct, newsagents ought to be shocked that the association acting on their behalf takes 40% of the available commission pie. It might explain why the ANF is so selective in the eftpos offers it promotes.
While I accept that an association needs revenue to operate, taking 40% of available commission is greed. What is the ANF offering for its 40% commission? Newsagents provide the retail outlet, labour, in-store marketing and infrastructure. The ANF only has access to member communications to sell.
The ANF ought to be transparent with its members about the commissions it makes on the various offers it promotes to newsagents. Secret commissions leave newsagents ill informed as they consider the best electronic platform for their business.
Please obtain permission from your source and show us all the document so we don’t have to rely on heresay when we tell the ANF what they can do with their association!
Rick I will try. The problem is that newsagents who provide information critical of the ANF often ask that they not be identified or it not be published.
Does this only apply to ANF members or all newsagents who take on Suncorp?
Talk about jumping out of the frying pan and in to the fire!!
The ANF need to have a close look at what they represent; newsagents or themselves.
Jim, I don’t know the terms of the Suncorp deal, only that it was put in writing by a rep of Suncorp that the ANF gets 40% of the available commission. Mark