I’m only for this if card providers can’t charge the retailer stupid rates because some people want to use rewards cards, and this would mean all customers, cash or card, would have to cover this cost. Which is a subsidy for the people who can be approved for rewards cards.

I’m actually in favour of the opposite approach. I want it to be mandatory to pay the card fee (but not the payment provider fee). The retailer should be required to pass on the card fee.

This would stop things like Square charging a flat rate for every single type of card, despite EFTPOS being vastly cheaper in most cases.

So, the merchant passes on the cost of their payment provider fee equally to everyone (included in the price), and depending what type of card you use determines how much you pay in transaction fees.

This would incentivise card fees to be low, making EFTPOS much more attractive. And incentivise payment providers to be competitive in their fees (and ban them from charging the

I am not in favour of getting rid of card fees unless we bring in a government controlled payment platform that is run at cost, and all these other cards still have to pay fees.

Getting rid of transaction fees entirely just wraps them all into the cost, and means there is no incentive for consumers and retailers to prefer low cost options. It actually creates a perverse incentive for consumers to choose the cards with rewards points, which is terrible for everyone accept the card provider (and to a lesser extent the user of those cards)