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This card surcharge crackdown won’t solve cost of living crisis

It would be great for shoppers if the RBA and the competition watchdog found widespread rorting of payment surcharges. But don’t hold your breath.

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You can take away fees on debit card transactions, but someone still needs to pay for Australia’s payments infrastructure.

And if it’s not customers via a surcharge, it is likely to be the customer via a slightly higher purchase price.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/this-card-surcharge-crackdown-won-t-solve-cost-of-living-crisis-20241014-p5ki89