Comment on Australians lose nearly $1 billion a year to card surcharges as RBA warns banks to stop

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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).

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