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PayDay News | Australian Payments News

The RBA killed the one tool that could help SMEs navigate the surcharge ban

Technology Reporter
15 Apr, 2026
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Alex Zaharov-Reutt
Technology Reporter
15 Apr, 2026
Add us as a preferred source on Google
The Reserve Bank, the same regulator that banned surcharging, has also killed the idea of a payments comparison website, the one tool that would have let small businesses actually shop around for a better deal on card acceptance fees. And it did so despite Australia's biggest bank offering to pay for it.
The RBA killed the one tool that could help SMEs navigate the surcharge ban
The RBA has rejected the creation of a comparison tool for merchant service fees.

The Reserve Bank, the same regulator that banned surcharging, has also killed the idea of a payments comparison website, the one tool that would have let small businesses actually shop around for a better deal on card acceptance fees. And it did so despite Australia's biggest bank offering to pay for it.

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