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Tag: Interchange
Your Points Are Being Quietly Devalued: Inside Australia’s Rewards Card Reset
The RBA's card reforms land on 1 October — a surcharge ban and lower interchange caps that are a genuine win for merchants. But banks are recouping the lost revenue the only way they can, and the bill is landing on your rewards points. Here is exactly what is changing.
While America Litigates, Australia Legislates: The $200 Billion Swipe-Fee Fight and the Reform Landing Here in 11 Days
US retailers just told a court they would rather risk trial than accept a $200 billion swipe-fee settlement. Australia took the other road entirely — and its version arrives on 1 October. Here is what the contrast reveals.
The Fee War Before the Ban: Banks Are Cutting Merchant Rates as 1 October Looms
With surcharging banned from 1 October, the cost of accepting cards is suddenly a competitive battleground. CommBank has already cut its headline rate to 0.99% — and it will not be the last. Here is what the repricing means for merchants.
The Surcharge Era Ends 1 October: What Every Australian Merchant Must Do in the Next 30 Days
From 1 October, surcharging on eftpos, Mastercard and Visa cards disappears — and interchange caps fall with it. Here is the countdown checklist for merchants who do not want to be caught absorbing costs they never planned for.