LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Square debit switch puts pressure on eftpos and Cuscal

Editor
22 Sep, 2026
Add us as a preferred source on Google
Warwick Ponder
Editor
22 Sep, 2026
Add us as a preferred source on Google
Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future economics of Australia’s domestic debit network.
Square debit switch puts pressure on eftpos and Cuscal
Square’s Marco Lamantia and debit card receipts processed via Square terminals last week.

Square is routing debit transactions through Visa and Mastercard rather than eftpos, raising questions about Cuscal’s role and the future economics of Australia’s domestic debit network.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

PayID casino push tests payment gambling controls
Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare for new obligations to block illegal gambling transfers and regulators warn of scams exploiting the familiar
Crypto firms and fintechs in Bolt fallout find new rails, if they can
When Bolt Group’s Bano’s was disconnected after Banking Circle’s court win, it left crypto exchanges and fintechs reshuffling their Australian banking and payments relationships, as providers reassess the
Adyen’s NPP connection readies for micropayments boom
With Stripe also connecting to NPP via Zepto, online payments groups will be challenged by crypto companies for a slice of a low-cost acceptance market Visa and Mastercard
Stark contrast to Australia: RBNZ’s reveals inclusive cash findings
Nine out of ten Kiwi’s said New Zealand needs a minimum standard for access to cash services regardless of if they live rurally or in an urban area,
Apple complicates NFC fight with ID and A2A, putting ConnectID on notice
Apple is steering the Reserve Bank of Australia (RBA) towards an innovation debate involving digital ID and cheaper account-to-account payments, as the Big 4 push for iPhone NFC

RELATED STORIES ▸

Consumers dump credit cards, but will the surcharge “ban” drive a reversal?
Consumers dump credit cards, but will the surcharge “ban” drive a reversal?
Consumers dump credit cards, but will the surcharge “ban” drive a reversal?
For the eight months to August 2026, Australians stopped using credit cards, paid down what they owed, and took out ...
Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments
Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments
Convenience stores, fuel, hotels and pubs collectively bargain on billions in card payments
As many Payment Service Providers fail to pass on RBA interchange cuts in full, convenience and fuel outlets have gone ...
Late eftpos cuts online fees while hiking prop rates at POS
Late eftpos cuts online fees while hiking prop rates at POS
Late eftpos cuts online fees while hiking prop rates at POS
Australian Payments Plus (AP+) has slashed online eftpos interchange by up to 70%, but small proprietary debit purchases rise 40% ...
Woolies and CBA turn on grocery rewards for 9M customers
Woolies and CBA turn on grocery rewards for 9M customers
Woolies and CBA turn on grocery rewards for 9M customers
The same day surcharging was “banned” and credit card rewards shrank across Australia, Woolworths’ and Commonwealth Bank went live with ...
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Visa, Mastercard fee hikes add more inflation risk to RBA card reforms
Organisations across the economy are rejecting credit cards, adding new fees and prices are rising at retailers and bowsers as ...
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information