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Australians have been charged billions in illegal merchant fees for two decades, in a major financial scandal uncovered by the Albanese government.
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Australians charged billions in illegal merchant fees by federal government

Australians have been charged billions in illegal merchant fees for two decades, in a major financial scandal uncovered by the Albanese government.

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Australians illegally charged billions of dollars in merchant fees by federal government

Millions of small fees amounting to billions of dollars have been charged for two decades, dating back to the Howard government era.

  • Chris O'Keefe
The federal government says it’s prepared to ban debit card surcharges from 2026, subject to consultation being led by the RBA.

Why those pesky card surcharges are no longer doing their job

Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.

  • Clancy Yeates
Sale Discount Promotion Deduction Man Planning Concept It isn't for everyone, but some make good money in the online real estate game

Dirty pricing tricks getting flamed is long overdue

It’s time to get back to a world where we don’t have to swear a blood oath to cancel a gym membership or name our firstborn after a Marvel character just to cancel a streaming subscription.

  • Victoria Devine
Practices including warnings of limited time or stock would be banned under new laws.

Shoppers trapped by dodgy practices to win relief

Dodgy practices aimed at parting shoppers from their money will soon be banned under a government plan to bolster consumer protections.

  • Shane Wright
The surcharge cream in your coffee. The government wants you to take it black.

Cash v debit card fees: There is no free lunch

The government has picked debit card surcharges as the latest enemy to target in its fight to conquer the cost of living crisis. But beware the pea and thimble trick.

  • Elizabeth Knight
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Ahead of a Reserve Bank review of the payments system, the government has said it is prepared to ban surcharge fes on debit cards.

Debit card surcharge ban in government’s sights

Consumers’ anger with debit card surcharges has been growing for months. The government says it is prepared to ban them.

  • Shane Wright
Stripe CEO Patrick Collison on-stage in Sydney.

‘It doesn’t run out of battery’: How close are we to a cashless economy?

Most members of Gen Z say they won’t be using cash within a decade. But is Australia ready to ditch notes and coins?

  • David Swan
Westpac.

Westpac offers debit cards to eight-year-olds in youth banking push

Children as young as eight are being offered a physical debt card in an effort by Westpac to improve their financial literacy.

  • John Collett
Debit card surcharges are becoming increasingly common.

Why are more businesses charging extra to pay by card?

More businesses are now placing surcharges on all card payments, while they were previously only common on credit cards.

  • Mary Ward

Original URL: https://www.watoday.com.au/topic/debit-cards-hpn