Australians will no longer be hit with card surcharges from 1 October. What will the ban mean for you?

Fees on Visa, Mastercard, and Eftpos payments will be banned – but what does it mean for retailers, rewards programs and consumers?Get our breaking news email, free app or daily news podcastDebit and credit card surcharges will be eliminated from 1 October, as part of Reserve Bank reforms that will do away with extra checkout fees on Visa, Mastercard, and Eftpos payments.The RBA estimates the changes will save consumers about $1.6bn a year in surcharges, but the big banks and credit companies ar...

This story was originally reported by The Guardian Australia. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.