16/09/2026
Big changes are coming to Australian payments. The RBA is banning card fees on Visa, Mastercard, eftpos, and Amex starting October 1, 2026.
Here is what it means for you:
For Shoppers π
What you see is what you pay: No more surprise 1.5%β2% fees added when you tap your card or phone.
Simpler prices: Displayed prices will be the true final cost (though holiday & delivery fees still apply).
For Business Owners πΌ
Update your terminals: Disable automatic surcharge settings before Oct 1.
Lower merchant fees: The RBA has capped interchange fees, meaning processing costs from banks are dropping to help offset the change.
Update signage: Remove any counter signs or disclaimers mentioning card surcharges.
π‘ Quick Tip: Reach out to your provider (Square, Tyro, Stripe, or your bank) now to check how your terminal settings will update automatically!