Card surcharges cost Australians more than $1 billion a year. Switching to real-time payments – which are already here – would cut costs for shoppers and business.
Articles on surcharge
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Imposing fees and surcharges on credit and debit cards no longer works in a predominantly cashless society.
The Albanese government has announced a first step in what it says is a crackdown on excessive card surcharges and threatened a ban on surcharges for debit cards from early 2026.
The UK Treasury called them “rip-off fees” and banned them in 2018. So how did Australians end up paying for much for card surcharges?
Businesses can now pass credit card surcharge fees along to their customers. To help businesses predict how consumers will react to credit card surcharges, behavioural economics offers some answers.
A flat-rate fee on all student loans is a fairer economic proposal.
Top contributors
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Emeritus Professor, College of Business and Economics, Australian National University
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Professor, Marketing, Queen's University, Ontario
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Adjunct Professor, Swinburne University of Technology
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Professorial Fellow, University of Canberra
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Professor of Finance, RMIT University
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Senior Lecturer, UTS Business School, University of Technology Sydney
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PhD Researcher, UTS Business School, University of Technology Sydney
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Professor, Strategy, Operations and Supply Chain Management, University of Technology Sydney