And despite Bonta releasing an FAQ for the surcharge ban, he doesn’t define “fees for optional services or features,” which are exempt from the law. “What becomes optional?” Dworak said.
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Banning debit card surcharges could save $500 million a year—if traders don't claw back the money in other waysIn a move that could reshape how Australians pay for everyday purchases, the federal government is preparing to ban ...
In the UK, a ban on credit and debit card surcharges was implemented in 2018, and since then, researchers have found businesses and even universities are breaking the rules, by using legal loopholes.
The RBA on Friday released submissions into its review of merchant card payment costs after the government several months earlier announced plans to outlaw debit card surcharges in another move to ...
Commonwealth Bank is also reportedly throwing its weight behind a ban on all surcharges to bring Australia in line with Europe and the UK. Surcharging has become a hot topic amid Australia's ...
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