Australia Bans Card Surcharges: Retailers Cry Foul
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Reserve Bank of Australias new policy, effective October 1, 2026, prohibits surcharges on debit or credit card transactions. Small retailers express concern as this move may not fully offset their rising business costs, including wages, energy bills, rent, and supply chain issues. The Australian Retail Council warns that small operators may absorb these costs, while customers enjoy no-fee checkouts. The ban is seen as a partial solution, with retailers advocating for a broader reduction in business expenses.
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