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PayDay News | Australian Payments News

Merchant Service Fees

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

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 ...
The RBA hasn’t banned surcharges — and the difference matters

The RBA hasn’t banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — ...
Credit cards and international transactions spur bank fee boom … but it could get worse come October

Credit cards and international transactions spur bank fee boom … but it could get worse come October

If warnings from Australian Banking Association (ABA) CEO Simon Birmingham are anything to go by, Australia’s growing bank fee bill is about ...
Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

Fiserv doubles down – bans its merchants from recovering fees from all networks and international tourists

While the Reserve Bank of Australia (RBA) and ACCC have only talked about surcharge restrictions for Visa, Mastercard and eftpos, US payments ...
Yale professor tells Federal Court of Mastercard’s “carrot and stick”

Yale professor tells Federal Court of Mastercard’s “carrot and stick”

Over the past five weeks, Mastercard have squared off with the ACCC in what is proving to be an epic competition law ...

TRENDING ▸

Visa credit hits 1%, the largest annual fee rise of any scheme

Banktech, Next Payments ride cash wave as no surcharge bill shock looms

The Interchange Bench

CBA says payments resilience now a competitive advantage as geopolitical risks grow

Reforms converge to reshape PayTo protections as demand for card alternative grows

Customers waiting as real-time ‘future by committee’ inches forward

What can we learn from Malaysia on A2A retail?

AusPayNet’s first resilience report skips the Telstra outage

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