Central Banking

RBA ends 'excessive' card surcharges

A woman making a credit card payment

The Reserve Bank of Australia (RBA) today (June 12) published its final reforms to the system of allowing merchants to set surcharges for credit and debit card payments. The setting of levies will be limited as of January 2013.

"In recent years, concern has been expressed to the Bank that some merchants may be using surcharging as an additional means of generating revenue, rather than simply covering the costs of card acceptance," said the document.

The central bank explained that the use of so-

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: