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PayDay News | Australian Payments News

CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

Payments Expert
2 Sep, 2026
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Warwick Ponder, Brad Kelly
Payments Expert
2 Sep, 2026
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Commonwealth Bank will cut its blended merchant fees to 0.99% from October, but the reduction does not appear to pass on all of the RBA’s looming cuts to interchange.
CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin
Albert Naffah – CommBank General Manager – Payments Acceptance and CEO CommBank Smart Health.

Commonwealth Bank will cut its blended merchant fees to 0.99% from October, but the reduction does not appear to pass on all of the RBA’s looming cuts to interchange.

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