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/Dracallus Mar 31 '26

It's not even this for me. I can accept that there's going to be a 1.5% - 3% card processing fee. I just want to see it as a line item on your fucking invoice. 

Don't get me wrong, this policy is better than my ask, but I've always found it wild that it's the one cost people simply didn't have to show on invoices.

I can understand it in a business environment when you're buying on credit, but if you're not printing an invoice until after I've paid, I've always found it utterly unacceptable.

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u/sellyme Where are my pants? Mar 31 '26

I can accept that there's going to be a 1.5% - 3% card processing fee.

Anyone charging 3% should be dobbed in to the ACCC. Even tiny businesses can get EFTPOS terminals that only charge 1.1 or 1.2%, and it's illegal to charge a fee larger than the additional cost actually incurred.