economy Mount Gambier, Australia
Australia's card surcharge ban, business price rises and ATO cutoff
1.6BAUD
The surcharge ban is expected to save consumers annually.
From October 1, Australian businesses cannot add card surcharges and the interchange-fee cap is 0.3%; the RBA says consumers will save $1.6 billion annually. NSW businesses are absorbing fees or raising prices, while the ATO's November 30 credit-card cutoff has drawn backlash.
7 sourcesabc.net.auUpdated
Claims
Support what holds up. Dispute what doesn't.
Businesses across Australia will no longer be able to add surcharges to card payments from October 1.
7 of 7 sources“The removal of card payment surcharges took effect on October 1.”