From www.lowelippmann.com.au: Australia is considering banning credit card surcharges, following trends in the UK and Europe, as the Reserve Bank of Australia reviews merchant card payment costs and the existing surcharging framework.

Customers generally dislike surcharges and have support from major financial institutions for reform, while small businesses disproportionately bear higher transaction fees compared to larger merchants.

As consumer payment methods increasingly shift towards cards and digital transactions, discussions around surcharges and their regulations continue, with potential impacts on pricing strategies for businesses if surcharges are eliminated.

Filed under: Business Law, Business Strategy & Tactics

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