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Banning surcharges only solves a political problem for the RBA

Small business would not need to charge their customers if major banks and credit card companies just set reasonable fees for credit card use.

No one likes to pay something for nothing. Especially when times are tough and every dollar counts. Punters understandably hate paying surcharges for using their own money when paying for a beer or a meal at the pub.

The Reserve Bank of Australia’s consultation paper does not go far enough to lower costs for consumers and small businesses at a time when millions of people are counting every cent and business owners are struggling.

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    Original URL: https://www.afr.com/companies/financial-services/banning-surcharges-only-solves-a-political-problem-for-the-rba-20250717-p5mfrg