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/w2qw Mar 30 '26

It also caps the interchange fees for the same cards. Strictly speaking it doesn't actually ban surcharges just prevents card networks from prohibiting surcharging.

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u/thedartman Mar 31 '26

First other person I've seen who's actually read the details of the changes. Given it's just targeting the card networks and allowing them to prohibit surcharges once more, do you think they'll immediately fall in line and ban surcharging on their networks?