this post was submitted on 20 Sep 2026

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Australians will no longer be hit with card surcharges from 1 October (www.theguardian.com)

submitted 1 month ago by Arwu@programming.dev to c/australia@aussie.zone

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[–] wifemademesignup@lemmy.world 0 points 1 month ago

This is a good move but we have gone full circle.

Vendors cover cost to offset the cost of cash handling.
Vendors then pass on costs but at extra on top, stop trying to push using eftpos or cheaper methods. Coincides with tap to pay even on debit cards.
Government mandates that vendors can charge whatever but it has to reflect their actual cost and be shown
Vendors don't bother to negotiate and charge 1.21% quite often.
My eftpos (0.3% or less) is now getting a 1.2% mark up at one provider i go to, so I just use the credit card because they didn't bother.
vendors to cover costs (see #1)

The whole country now sending way more to visa and master card for 0 gain to the country.

To my international friends, eftpos is an Australian bank card processing system but only works for bank cards not credit cards.