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PayDay News | Australian Payments News

Undermining cash: card schemes under fire on ATM fee transparency

Editor
8 Jul, 2026
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Warwick Ponder
Editor
8 Jul, 2026
Add us as a preferred source on Google
As the card “surcharge ban” looms and small businesses look to cash as an alternative, experts say the sworn enemies of cash – the global card schemes - are ramping up the price of cash with secret fees, as fresh scrutiny falls on Mastercard's recent ATM mobile fee hike in Australia.
Undermining cash: card schemes under fire on ATM fee transparency
Mastercard’s regional boss Richard Wormald has long argued that cash is more expensive than cards.

As the card “surcharge ban” looms and small businesses look to cash as an alternative, experts say the sworn enemies of cash – the global card schemes - are ramping up the price of cash with secret fees, as fresh scrutiny falls on Mastercard's recent ATM mobile fee hike in Australia.

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