As announced by the RBA’s Payments System Board (PSB), the new policy will ban card surcharges for payments using eftpos, Mastercard, and Visa debit, prepaid and credit cards – from 1 October.

The ban is expected to save Australian consumers $1.6 billion a year in unnecessary fees, but will likely cause a dramatic ...

The Reserve Bank of Australia will remove card surcharges, aiming to simplify payments and reduce costs for consumers.

In today’s news, In today’s news, the Reserve Bank is banning credit and debit card surcharges, half a million young workers are set to get a pay rise of up to 42 per cent, and Jackie “O” Henderson is ...

Credit and debit card surcharge fees will be scrapped from October 1 in a move that is expected to save consumers $1.6 ...

Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges ...

Almost $1.8bn in surcharges on debit and credit cards for consumers will be slashed to zero, as the Reserve Bank confirmed ...

Card surcharge payments will be removed by October, according to new legislation announced by the Reserve Bank of Australia ...

Australians will no longer pay $1.6 billion a year in surcharges and small businesses will save $910 million when credit and debit card surcharging ...

SYDNEY--The Reserve Bank of Australia has announced changes to way fees are charged on credit and debit card purchases, lowering costs for business and consumers by around A$1.8 billion.

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