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AAP
AAP
Business
Farid Farid

Cafes, small businesses fear brunt of surcharge cut

The RBA has proposed removing surcharges on some card transactions, which could save consumers. (Farid Farid/AAP PHOTOS)

After the morning rush of lattes and flat-whites flying out the door, Alan Low likes to settle in with his own coffee and try to balance his cafe's books.

The exercise could become even trickier after the Reserve Bank of Australia proposed to remove surcharges on EFTPOS, Mastercard and Visa card transactions, which could save consumers $1.2 billion a year.

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