Card payment sucharges banned in Australia from 2026

Are you happy with the RBA's proposed changes to surcharging and interchange fees?


  • Total voters
    186
TBH if (apart from lack of Amex) surchargers acted like Aldi, it probably would have been OK. 0.5% for MC/Visa, free for EFTPOS. Entirely reasonable compared to places that charge you 1.9% for everything, including EFTPOS. Especially hotels.
 
For my business I’ve just implemented surcharge free cards but if you pay cash you get 2% cashback.

Doesn’t sound like a lot until you realise the average purchase price is $2,500.00 (so $50 cashback)…

This works and hopefully kicks visa and Mastercard in the guts.

Mike
+0.5% also applies to debit Visa/Mastercard.

It's eftpos that the surcharge doesn't apply to.
No it doesn’t. If you swipe these cards rather than tap them it’s surcharge free. Tapping is always surcharged.
 

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