SKIP TO MAIN CONTENT

From October the 1st, there'll be no card surcharge

SBS Indonesian

Follow and Subscribe

The end of card surcharges follows a review by the Reserve Bank of Australia. Today, cards make up almost 75 per cent of payments compared to the heavy reliance on cash two decades ago, which accounted for 69 per cent of payments in 2007. (AAP)
The end of card surcharges follows a review by the Reserve Bank of Australia. Today, cards make up almost 75 per cent of payments compared to the heavy reliance on cash two decades ago, which accounted for 69 per cent of payments in 2007. (AAP)

The RBA says consumers pay $1.6 billion in card surcharges every year. But that's about to change.

Follow and Subscribe

Apple Podcasts YouTube Spotify Download (6.43MB)
Download the SBS Audio appAvailable on iOS and Android

Published

Updated

By Jasmine Kassis, Angelica Waite

Presented by sri dean

Source: SBS

Skip to podcast episode content

The RBA says consumers pay $1.6 billion in card surcharges every year. But that's about to change.

From October the 1st, every time shoppers tap their card, or use a card to transact online, there'll be no card surcharge, meaning the advertised price should be the price paid at the checkout.

The removal of the card surcharge leaves businesses, especially smaller operators, with a daunting choice to either absorb the cost of that transaction, or pass it on.

Listen to SBS Indonesian every Monday, Wednesday, Friday, and Sunday at 3 pm.

Follow us on Facebook and Instagram, and listen to our podcasts.

 

 

Latest podcast episodes

Follow SBS Indonesian

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS Indonesian News

Watch it onDemand

Stream now