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Card payment surcharges should be banned for debit and credit payments, RBA says

⁨73⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨Davriellelouna@lemmy.world⁩ to ⁨australia@aussie.zone⁩

https://www.theguardian.com/australia-news/2025/jul/15/card-payment-surcharges-should-be-banned-for-debit-and-credit-payments-rba-says

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  • Dimand@aussie.zone ⁨2⁩ ⁨days⁩ ago

    I’m with the RBA on this one. The price on the sticker should be what I pay no matter the format I pay in. It’s one of the great things about aus.

    Cash still has significant overhead and businesses manage to account for that. Digital should be no different.

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    • beeng@discuss.tchncs.de ⁨2⁩ ⁨days⁩ ago

      Then it should be cheaper for cash payment.

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      • Dimand@aussie.zone ⁨2⁩ ⁨days⁩ ago

        Oh for sure. Cash is expensive to count, store and move. Never understood how an armour guard car with 2 people emptying ticket machines made much sense, even back in the day.

        However, the infrastructure to run electronics payments is not trivial. The combination of volume, security and reliability needed adds up in hardware and software. I doubt it will ever be free to transfer money in any form.

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  • PDFuego@lemmy.world ⁨2⁩ ⁨days⁩ ago

    “Who the hell does the RBA think will bear the cost of this ridiculous decision? First, merchants, and then customers,” Lambert said.

    So why don’t you fight for the banks to stop charging merchants those fees, since they have many orders of magnitude more money than you, and you have magnitudes more than the customer? I grabbed breakfast from the cafe in my apartment building the other day, they charged $9 for a plain croissant, plus the card surcharge. We’re getting fucking robbed here and all you can do is pretend to care that the bank will force you to charge us more.

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    • Nath@aussie.zone ⁨2⁩ ⁨days⁩ ago

      I don’t think the problem is banks charging fees. In fact, I don’t really have an issue with the banks taking 1% of the sale. The issue is that merchants don’t realise that counting cash and taking it to the bank etc actually costs more than 1% anyway. Electronic payments are actually cheaper than all that, they already give you a total and handle the bank end.

      I can think of a couple of places in Perth who have gone totally cashless. They only accept Eftpos/credit cards.

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