The RBA is banning surcharges on eftpos, Visa, and Mastercard. Find out what it costs your business — and what to do about it — in 60 seconds.
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Source: Reserve Bank of Australia — Conclusions Paper, March 2026
Credit card interchange drops from 0.8% to 0.3%. Debit drops to 8c or 0.16% (whichever is lower). The RBA estimates this will save Australian merchants ~$910 million annually.
Source: RBA Interchange Fees — Conclusions Paper ↗From October 1, 2026, businesses can no longer add surcharges on eftpos, Visa, or Mastercard payments. American Express is not included.
ACCC Card Surcharges ↗Credit card interchange drops from 0.8% to 0.3%. Debit drops to 8c or 0.16% (whichever is lower). Saving merchants ~$910M annually.
RBA Interchange Fees ↗The RBA estimates consumers will save ~$1.6 billion per year from eliminated surcharges. Merchants absorb the (now lower) processing costs.
RBA Media Release ↗