Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Luca Ittimani

FORGOTTEN HISTORY: Card payment surcharges should be banned for debit and credit payments rba says - The Untold Story

RBA EFTPOS Mastercard Reserve Bank Visa Square
person taps card on Eftpos machine at the butcher
The RBA says the declining use of cash had made it harder to avoid card surcharges. Photograph: zixia/Alamy

Card payment surcharges should be eliminated for debit and credit payments, the Reserve Bank has said, saving customers an estimated $1.2bn each year.

Surcharges on Eftpos, Mastercard and Visa card payments would be eliminated from July 2026, while fees for businesses using card payments systems could also be lowered, under a new RBA proposal.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Awkwafina: The Unlikely Cook review – the heir to a legendary eatery … who sets soup on fire
She is completely baffled in the kitchen, but the star valiantly resurrects her family’s famous restaurant. Her journey is chaotic, hilarious – and deeply moving
The Guardian - UK
The Guardian - UK
65 Of The Weirdest Things People Saw Online That They Just Had To Screenshot
Some people shouldn't be allowed to... talk. That's how we end up with crazy screenshots of messages that should have never left the drafts. But yet, now they're on the internet for our pleasure. The full list of unhinged screenshots is in the article.
Bored Panda
Bored Panda
A new kind of coffee cup? Scientists invent new design that keeps plastics out of your brew
Microplastics have been found in our brains, hearts, sex organs and lungs
The Independent UK
The Independent UK
Why do Siamese cats have dark points? The science behind colourpoint markings
A Siamese kitten enters the world pale, almost cream, with no trace of the dark mask it will wear as an adult. Within weeks, the ears darken. The face follows. The paws and tail deepen last. Nothing about the cat's DNA changed, the gene for dark pigment was always there.…
Times Pets
Times Pets
Boiled chicken and rice for a dog's upset stomach: when it helps and when it isn't enough
When a dog vomits once or passes a loose stool after raiding the kitchen bin, most owners reach for the same solution: a pot of boiled chicken and plain white rice. It works often enough that it has become reflex. The question worth asking is what it actually does, when…
Times Pets
Times Pets
Katy Perry Was Almost Mentioned at Russell Brand's Rape Trial: Why Prosecutors Left Her Out
Katy Perry was omitted from prosecutors' opening remarks at Russell Brand's London rape trial after defence submissions, with officials saying she was not involved as a witness.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play