Surcharges on Eftpos, Mastercard and Visa card payments would be eliminated from July 2026 under the proposal from the Reserve Bank
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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.