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Come October, Aussies will officially say goodbye to debit and credit surcharges under a reform from the Reserve Bank of Australia (RBA). The new rules will force businesses to remove added fees on ...

Australia's central bank is preparing to enact new payment rules that would eliminate surcharges, cap interchange rates and increase transparency following a July 2025 consultation paper. Processing ...

The Reserve Bank of Australia will ban surcharges on most credit and debit card payments from October 1. The change aims to save consumers $1.6 billion annually by eliminating complex fees on debit ...

SYDNEY – Australian consumers will no longer face surcharge fees on card payments after the country’s central bank said it would ban the widely disliked practice as inefficient and opaque. The RBA ...

The RBA said the surcharging framework — introduced more than two decades ago — is no longer achieving its intended purpose. Some 16 per cent of businesses are estimated to use surcharges. Surcharge ...

Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges Follow our Australia news live blog for latest updates Get our breaking news email, free ...

The Reserve Bank of Australia (RBA) will get rid of surcharges on debit and credit cards and lower the cap on interchange fees paid by Aussie businesses from October. The reforms are expected to save ...

The Reserve Bank of Australia won’t allow surcharges on debit and credit cards from October, a move that will hit banks’ revenue and bring the country in line with peers in Europe and the UK. The ...

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 ...

SYDNEY, March 31 (Reuters) - Australian consumers will no longer face surcharge fees on card payments after the country's central bank said it would ban the widely disliked practice as inefficient and ...

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