Review of Merchant Card Payment Costs and Surcharging

2026

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AI-generated summary

1) This report details the Reserve Bank of Australia's final decisions on merchant card payment costs and surcharging, aiming to enhance competition and efficiency in the payments system.
2) * The report outlines the removal of surcharging prohibitions on designated card networks, allowing merchants to pass on costs to consumers.
* It details reductions in interchange fee caps on domestic and foreign-issued card transactions to lower merchant costs.
* The report also introduces increased transparency requirements for card networks and acquirers to improve fee understanding and comparison.
3) Surcharging, Interchange Fees, Scheme Fees, Transparency, Card Payments

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