Reserve Bank

RBA SURCHARGE BAN: BAD FOR BUSINESS AND CONSUMERS

Posted on April 1st, 2026 by Clyde Mooney
Australia’s Reserve Bank has ruled on the future of surcharges, deciding to end the practise on card payments from 1 October, in what is described as a “political fix” for the problems facing businesses.   For years consumers opting to

PUBS’ DILEMMA AS RBA CONFRONTS COST OF LIVING

Posted on July 18th, 2025 by Clyde Mooney
The Reserve Bank has recommended an end to surcharges on EFTPOS payments and cards as part of its investigation into merchant fees, claiming businesses will be better off and Australians will potentially save billions each year. Payment surcharge laws began