Be careful what you wish for. The inevitable outcome of the surcharge ban

Brad Kelly
Payments Expert
29 Sep, 2026
Despite claims of savings for Aussie consumers and businesses that may come with the Reserve Bank’s decision on card fees and surcharging, there are definite winners out of all of this, and they are not Australian. Payments Expert Brad Kelly cuts through the spin.
Be careful what you wish for. The inevitable outcome of the surcharge ban

Despite claims of savings for Aussie consumers and businesses that may come with the Reserve Bank’s decision on card fees and surcharging, there are definite winners out of all of this, and they are not Australian. Payments Expert Brad Kelly cuts through the spin.

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For the eight months to August 2026, Australians stopped using credit cards, paid down what they owed, and took out more cash. Surcharging ended on 1 October but

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