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PayDay News | Australian Payments News

ATO $117m card backflip highlights small business cost exposure

Editor
13 Oct, 2026
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Warwick Ponder
Editor
13 Oct, 2026
Add us as a preferred source on Google
Canberra is funding the ATO’s $117 million credit card bill while it negotiates lower fees, highlighting small merchants’ limited bargaining power as selected interchange increases threaten the “savings” promised under the RBA’s reforms.
ATO $117m card backflip highlights small business cost exposure
Treasurer Jim Chalmers announcing the backflip last week.

Canberra is funding the ATO’s $117 million credit card bill while it negotiates lower fees, highlighting small merchants’ limited bargaining power as selected interchange increases threaten the “savings” promised under the RBA’s reforms.

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