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PayDay News | Australian Payments News

Square holds 1.6% fee as many SMEs miss RBA “savings”, while Amex excluded from more bank rates

Senior Business Correspondent
29 Sep, 2026
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Michael Sainsbury
Senior Business Correspondent
29 Sep, 2026
Add us as a preferred source on Google
Small vendors face immediate pressure to absorb processing fees or increase prices, as payment providers hold margins and delay transparent fee disclosures after surcharging ends. Meanwhile, NAB and ANZ follow Westpac by excluding American Express from their blended rate offers.
Square holds 1.6% fee as many SMEs miss RBA “savings”, while Amex excluded from more bank rates
Generated and arranged by AI with likenesses of AHA Chief Executive Stephen Ferguson and ARCA Chief Executive Wes Lambert.

Small vendors face immediate pressure to absorb processing fees or increase prices, as payment providers hold margins and delay transparent fee disclosures after surcharging ends. Meanwhile, NAB and ANZ follow Westpac by excluding American Express from their blended rate offers.

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