Surcharging

News about surcharging and consumer fees and how these are being regulated.

Bullock warns of surcharge ban ‘hiccups’ from October 1

Bullock warns of surcharge ban ‘hiccups’ from October 1

RBA Governor Michele Bullock expects to see problems after surcharging disappears next month, while small business merchants must wait months for clearer ...
No-surcharge wallop leaves SMEs in the dark and out of pocket

No-surcharge wallop leaves SMEs in the dark and out of pocket

Small businesses face tough calls on card payments as the October surcharge “ban” approaches, with confusion still widespread and almost half of ...
How the Amex surcharge escape clause works

How the Amex surcharge escape clause works

In a regulatory free environment, American Express has created a Supplier Trade Fee (STF) allowing eligible B2B merchants to recover transaction costs ...
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Schemes in “lockstep” to sell their surcharge bans to struggling SMEs

Australia’s card networks have joined forces on an industry marketing “education” campaign to sell the October surcharge ban they lobbied for, after ...
Visa, Mastercard back bill platforms as surcharge workarounds

Visa, Mastercard back bill platforms as surcharge workarounds

Bill platforms including Sniip, pay.com.au and B2Bpay will still charge card payers fees after October 1, on volume the Reserve Bank's ban ...
Amex is offering merchants a way around its own surcharging ban

Amex is offering merchants a way around its own surcharging ban

The US card giant is quietly offering merchants a new agreement that allows them to still effectively surcharge up to 2.15%. ...
Surcharge ban bites as strata owners forced to vote on card levies

Surcharge ban bites as strata owners forced to vote on card levies

A limited number of Macquarie's DEFT clients will keep accepting card payments until the end of January under transition deals conducted on ...
Governments probe non-card options as taxpayers face millions in fee bills

Governments probe non-card options as taxpayers face millions in fee bills

Federal government agencies and at least two state governments are collectively looking for ways to dodge more than an estimated $100 million ...
The end of surcharging or the rise of convenience fees?

The end of surcharging or the rise of convenience fees?

Vibhu Arya, the former Country Leader for Payments & Financial Services at IKEA Australia New Zealand, writes that when surcharging disappears on ...
ACCC sets ground rules for cash and A2A discounts ahead of card surcharge bans

ACCC sets ground rules for cash and A2A discounts ahead of card surcharge bans

The ACCC has issued long-awaited guidance on how businesses can legally alert customers to cash, PayTo, PayID and other non-card payment method ...
Taxi drivers could cop card fee pain under new surcharge rules

Taxi drivers could cop card fee pain under new surcharge rules

Struggling taxi drivers may be among the small businesses to cop the brunt of card fees under “no surcharge” scheme rules from ...

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