RBA to remove surcharges on debit, credit cards and card networks
www.abc.net.au
The removal of surcharges on debit and credit cards is one of the sweeping reforms from the Reserve Bank.

From summary:

In short:

The RBA will remove surcharges on debit and credit cards, saving consumers and businesses about $1.8 billion each year.

The package of reforms also includes lowering the caps on interchange fees paid by Australian businesses, with a focus on small businesses currently paying the highest fees.

What’s next?

Most of the reforms are due to take effect from October this year.

  • Dimand@aussie.zoneEnglish
    2·
    4 days ago

    Yes, just like how the price of most things is an amalgamation of factors from profit, materials, labour transport, the cost of handling cash, rent, etc.

    But you pay the price that is on the box. That’s a core tenant of this country as far as I’m concerned.

    • Salvo@aussie.zoneEnglish
      1·
      2 days ago

      Same with Tipping.

      Service staff must be paid a living wage. If they get a little bit of extra cash on the side because they provide excellent service, that is nobody else’s business.