Comment on Australians lose nearly $1 billion a year to card surcharges as RBA warns banks to stop
Evil_incarnate@lemm.ee 10 months ago
“Australian Banks profit nearly $1 billion a year from card surcharges as RBA does nothing”
Comment on Australians lose nearly $1 billion a year to card surcharges as RBA warns banks to stop
Evil_incarnate@lemm.ee 10 months ago
“Australian Banks profit nearly $1 billion a year from card surcharges as RBA does nothing”
abhibeckert@lemmy.world 10 months ago
I don’t think the banks see any of that money. It mostly goes to infrastructure companies such as Visa (who guarantees a refund if your card is stolen) and Telstra (network infrastructure isn’t free).
wscholermann@aussie.zone 10 months ago
In any case, the RBA tut tutting will change precisely nothing.