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PayDay News | Australian Payments News

Bank lobby flags capped credit card surcharge option

Editor
4 Mar, 2026
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Warwick Ponder
Editor
4 Mar, 2026
Add us as a preferred source on Google
With the Reserve Bank set to make its final decision on merchant fees and surcharging tomorrow, the big bank lobby has flagged an alternative to banning credit card surcharging which involves the introduction of credit surcharge caps.
Bank lobby flags capped credit card surcharge option
ABA boss Simon Birmingham has flagged the retention of credit card surcharging with caps as a workable outcome of the Reserve Bank’s review. Background image generated by AI.

With the Reserve Bank set to make its final decision on merchant fees and surcharging tomorrow, the big bank lobby has flagged an alternative to banning credit card surcharging which involves the introduction of credit surcharge caps.

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