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PayDay News | Australian Payments News

Merchant Service Fees

News about fees including interchange, scheme fees and margin and their impact.

Blended dilemma. Why don’t all merchants benefit from interchange cuts?

Blended dilemma. Why don’t all merchants benefit from interchange cuts?

The RBA has been regulating interchange for more than two decades but not everyone is a winner. The savings are distributed unequally ...
CommBank cuts merchant fees ahead of surcharge ban, but keeps some extra margin

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

Commonwealth Bank will cut its blended merchant fees to 0.99% from October, but the reduction does not appear to pass on all ...
Luxury Escapes may cut loyalty points as savings fail to emerge

Luxury Escapes may cut loyalty points as savings fail to emerge

Luxury Escapes is considering varying its own rewards points by payment method, and its CEO Adam Schwab says the merchant fee savings ...
Bundled services and lack of education major speed bump come October 1

Bundled services and lack of education major speed bump come October 1

The Reserve Bank’s plans for October 1 might have been touted as a win for consumers, but small businesses may suffer dire ...
Merchants asked to “sign up blind”, as debit becomes the schemes’ next battleground

Merchants asked to “sign up blind”, as debit becomes the schemes’ next battleground

With credit rates set to contract more sharply than debit, US-based schemes Visa and Mastercard have renewed incentive to offer debit discounts ...
Interchange and exemptions still a mystery as RBA leaves key questions unanswered

Interchange and exemptions still a mystery as RBA leaves key questions unanswered

With just 71 days until Australia's card surcharge ban begins, merchants are still in the dark about new interchange rates, as the ...
No surcharging: what’s the real cost to merchants

No surcharging: what’s the real cost to merchants

With just 87 days to run until “no surcharge” rules are applied by the schemes one payments enthusiast is trying to do ...
Inquiry calls for ACCC investigation into card acceptance costs

Inquiry calls for ACCC investigation into card acceptance costs

Just three months after the RBA completed its review of card payments and surcharging, a parliamentary inquiry has called for a rematch, ...
Small business locked out of merchant fee deals as big banks refuse to fund advisors

Small business locked out of merchant fee deals as big banks refuse to fund advisors

Merchants must lock in post-surcharging deals from 1 October, but the fee data that would tell them whether they are paying too ...
Peaking too early – beware premature terminal offers

Peaking too early – beware premature terminal offers

Ahead of the publication of new interchange rates and “no surcharge” rules being imposed on October 1, acquirers are suddenly overflowing with ...
Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Punters to pay for rewards, as costly Amex applies “no surcharge” rule and Tyro complies

Struggling small businesses and their customers will be forced to pay for costly premium Amex rewards programs and international card fees, after ...
eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos moves first on “no surcharge” rule but may face resurgence of terminal service fees

eftpos owner Australian Payments Plus (AP+) plugs least cost routing as merchants prepare to swallow billions in fees and questions swirl about ...

TRENDING ▸

The fault lines in Australia’s payments

Affirm and Shopify launch Shop Pay Installments in Australia

NAB and AP+ warn card tokenisation closing off least-cost routing

Adyen consolidates Melbourne’s Limitless payments across six Asian markets

Fintechs push RBA to open NPP access and unlock A2A competition

RBA puts retail digital dollar on ice as tokenised wholesale push grows

Banks line up against Amex as RBA weighs three-party regulation

Card costs push cash-friendly Vietnam to leapfrog plastic for A2A

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