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PayDay News | Australian Payments News

Westpac backs scheme fee cap and dissecting blended pricing

Senior Business Correspondent
20 Dec, 2024
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Michael Sainsbury
Senior Business Correspondent
20 Dec, 2024
Add us as a preferred source on Google
Westpac has taken aim at the “complex” fees charged by card schemes like Visa and Mastercard, as well as controversial “blended” pricing plans imposed on many small businesses, in a comprehensive response to the Reserve Bank of Australia’s inquiry into merchant fees and surcharging.
Westpac backs scheme fee cap and dissecting blended pricing
Anthony Miller takes the top job at Westpac as the bank calls out the complex fees charged

Westpac has taken aim at the “complex” fees charged by card schemes like Visa and Mastercard, as well as controversial “blended” pricing plans imposed on many small businesses, in a comprehensive response to the Reserve Bank of Australia’s inquiry into merchant fees and surcharging.

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