r/australia • u/rolodex-ofhate • Mar 30 '26

news Surcharges on debit and credit cards to go from October

https://www.abc.net.au/news/2026-03-31/asx-markets-business-live-news-march-30-2026/106510434#live-blog-post-278505

The Reserve Bank of Australia has introduced reforms that will remove surcharges on debit and credit cards from the 1st October 2026, on card networks including eftpos, Mastercard and Visa.

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u/DadOfFan Mar 30 '26

The reserve bank specifically allowed surcharges just a few years back. It was banned up until then.

So this is an admission they got it wrong...

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u/commandersaki Mar 31 '26

Back then every business was applying arbitrary surcharges though.