Long-hated credit and debit card fees finally bannedAussies are expected to pocket up to $1.6b a year in the latest cost-of-living measure to help struggling households.2 min read

7NEWS

Mar 31

Paying with a credit card or a debit card will be free of surcharges from October 1.Card surcharges will be banned to simplify the card payment framework and offer cost-of-living relief to Australians...

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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLong-hated credit and debit card fees finally bannedAussies are expected to pocket up to $1.6b a year in the latest cost-of-living measure to help struggling households.2 min read\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://7news.com.au/business/money/credit-debit-card-surcharges-banned-from-october-to-ease-cost-of-living-for-australians-c-22072480><strong>7NEWS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paying with a credit card or a debit card will be free of surcharges from October 1.Card surcharges will be banned to simplify the card payment framework and offer cost-of-living relief to Australians...</p>\n\n<a href=\"https://7news.com.au/business/money/credit-debit-card-surcharges-banned-from-october-to-ease-cost-of-living-for-australians-c-22072480\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBA","symbol_name":"里奇兄弟拍卖","start_time":0,"source_url":"https://7news.com.au/business/money/credit-debit-card-surcharges-banned-from-october-to-ease-cost-of-living-for-australians-c-22072480","article_id":"2623733843","we_media_id":null,"thumbnails":[],"rights":{"source":"7news_stock","url":"https://7news.com.au/business/money/credit-debit-card-surcharges-banned-from-october-to-ease-cost-of-living-for-australians-c-22072480","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2623733843","pubTimestamp":1774886400,"columns":[],"sourceInfo":{"source_id":"7news_stock","name":"7NEWS"},"weMediaInfo":null,"summary":"Paying with a credit card or a debit card will be free of surcharges from October 1.Card surcharges will be banned to simplify the card payment framework and offer cost-of-living relief to Australians","collect":0,"end_time":0,"defaultTopTitle":"7news.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"RBA":"里奇兄弟拍卖","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4160":"多样化房地产投资信托v","BK4137":"综合支持服务","PSB":"PS Business Parks","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD"},"translate_title":"长期以来令人讨厌的信用卡和借记卡费用最终被禁止根据最新的生活成本措施，澳大利亚人预计每年将获得高达1.6 B美元的收入，以帮助陷入困境的家庭。2分钟阅读","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSB":1,"RBA":1},"content_text":"Paying with a credit card or a debit card will be free of surcharges from October 1.Card surcharges will be banned to simplify the card payment framework and offer cost-of-living relief to Australians.“Australians are under cost-of-living pressure and the conflict in the Middle East is compounding that pressure,” Treasurer Jim Chalmers said on Tuesday.Know the news with the 7NEWS app: Download today Arrow“The current surcharge rules are difficult to follow and customers are often slugged with surprise surcharges at the checkout, in-store, online or at the café or pub.“(About) 16 per cent of Australian businesses collect card surcharges.”Australians are expected to save about $1.6 billion a year after the surcharge ban and small businesses will save $910 million a year, Chalmers added.Card surcharges will be scrapped as the Reserve Bank of Australia overhauls Australia’s payments framework. Credit: AAPThe Payments System Board (PSB) found that “the surcharging framework, introduced more than two decades ago, is no longer achieving its intended purpose of steering consumers towards making more efficient payment choices,” the Reserve Bank of Australia (RBA) said on Tuesday.Businesses increasingly surcharging all cards at the same rate and consumers using less cash were some of the factors that led to the PSB citing a reduction in the effectiveness of the surcharging regime.“Removing surcharging would make card payments simpler, more transparent and increase competition among payment service providers,” RBA said.Be the first to know: Add 7NEWS as your preferred news source on GoogleMobile wallets, three-party card networks, ‘buy-now, pay-later’ services and e-commerce platforms have not yet been considered under the financial changes.But the RBA said it will begin public consultation within months to gauge interest in regulating these areas.Lowered interchange caps on foreign card fees paid by businesses to customer card issuers will also be lowered — but this change will not come into effect for another year.This will “ensure the payments industry has sufficient time to implement these more complex changes,” RBA said.Chalmers said that “small businesses (are) expected to benefit from bigger fee reductions than large businesses.”Consumers are expected to save about $1.2 billion as a result.Financial bodies will also be required, from April 2027, to be more transparent about fees following the move.Card schemes and acquirers will be required to publish more transparent data on margins and fees, and explain how interchange reductions are being passed on to retailers.Government makes major move amid warnings fuel crisis far from over3 min readMajor Centrelink boost coming soon for new parents1 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}