I was talking to a representative of one of the banks about a some newsagents being rejected for EFTpos. With all these prophets of doom walking screaming doom, I decided to ask Anthony, who is involved in this in his bank, "overall I am wondering how do you consider newsagents compared to other small retailers, good risks, average or poor?"
Anthony's response was "Newsagents are generally very low risk. In fact it is extremely rare that a newsagent doesn't pass credit check or has to have their facility terminated by us. I expect that trend will continue as we sign them up."
As Zac said when I told him this, unlike many others, Anthony does know what he is talking about.
