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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

Card payment surcharges should be banned for debit and credit payments, RBA says

RBA EFTPOS Mastercard the Reserve Bank Visa Square
person taps card on Eftpos machine at the butcher
The RBA says the declining use of cash had made it harder to avoid card surcharges. Photograph: zixia/Alamy

Card payment surcharges should be eliminated for debit and credit payments, the Reserve Bank has said, saving customers an estimated $1.2bn each year.

Surcharges on Eftpos, Mastercard and Visa card payments would be eliminated from July 2026, while fees for businesses using card payments systems could also be lowered, under a new RBA proposal.

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