{"id":108383,"date":"2025-07-15T09:38:00","date_gmt":"2025-07-14T23:38:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/"},"modified":"2025-07-15T09:48:09","modified_gmt":"2025-07-14T23:48:09","slug":"aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/","title":{"rendered":"Aussies set to save big as RBA moves to scrap card fees"},"content":{"rendered":"

Australia\u2019s central bank has unveiled an RBA card surcharge proposal that could save consumers more than $1 billion each year by scrapping fees on debit and credit card payments.<\/p>\n

The Reserve Bank of Australia (RBA)<\/a> review into merchant payment costs suggests removing surcharges on EFTPOS, Mastercard and Visa transactions. The RBA found these charges do not help people make better payment choices.<\/p>\n

Another part of the RBA card surcharge proposal is to lower the cap on interchange fees paid by businesses, which could deliver Australians an extra $1.2 billion in savings.<\/p>\n

An interchange fee is charged to businesses by a customer\u2019s card issuer each time a transaction occurs.<\/p>\n

The proposals go beyond what the federal government<\/a> had flagged. Treasurer Jim Chalmers previously suggested banning fees only on debit card payments from 2026. The RBA\u2019s plan would also cover credit cards.<\/p>\n

Australians pay around $1.2 billion in surcharges every year, or roughly $60 for every card-using adult.<\/p>\n

Removing surcharges would also stop customers from switching payment methods just to avoid extra costs.<\/p>\n

RBA governor Michele Bullock said both consumers and businesses would benefit, with fewer Australians now paying in cash.<\/p>\n

\u201cCustomers would avoid paying surcharges, while businesses would no longer be forced to face high costs of accepting card payments,\u201d Ms Bullock said.<\/p>\n

\u201cWe think the time has come to address some of these high costs and inefficiencies in the system.\u201d<\/p>\n

The RBA wants to remove its own ban on \u2018no-surcharge\u2019 rules. It expects card networks would then apply these rules, as has happened overseas. If not, it would recommend the government legislate to ban surcharges.<\/p>\n

Lowering interchange fee caps would mainly help small businesses<\/a>, which often face higher fees. The RBA found 90 per cent of small businesses would benefit, saving a combined $185 million.<\/p>\n

Improved transparency by forcing card networks and big payment providers to publish fees is also proposed to boost competition.<\/p>\n

A six-week consultation period is now under way, with changes expected from July 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s central bank has unveiled an RBA card surcharge proposal that could save consumers more than $1 billion each year by scrapping fees on debit and credit card payments. The Reserve Bank of Australia (RBA) review into merchant payment costs suggests removing surcharges on EFTPOS, Mastercard and Visa transactions. The RBA found these charges do […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":153,"featured_media":108387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-108383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nAussies set to save big as RBA moves to scrap card fees - Ballina Times<\/title>\n<meta name=\"description\" content=\"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aussies set to save big as RBA moves to scrap card fees - Ballina Times\" \/>\n<meta property=\"og:description\" content=\"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/\" \/>\n<meta property=\"og:site_name\" content=\"Ballina Times\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-14T23:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-14T23:48:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Times News Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Times News Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/\"},\"author\":{\"name\":\"Times News Group\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#\\\/schema\\\/person\\\/a18f05ec53852f1d7d0528135e60d795\"},\"headline\":\"Aussies set to save big as RBA moves to scrap card fees\",\"datePublished\":\"2025-07-14T23:38:00+00:00\",\"dateModified\":\"2025-07-14T23:48:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/\"},\"wordCount\":335,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2025\\\/07\\\/Untitled-design-26-2.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/\",\"name\":\"Aussies set to save big as RBA moves to scrap card fees - Ballina Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2025\\\/07\\\/Untitled-design-26-2.jpg\",\"datePublished\":\"2025-07-14T23:38:00+00:00\",\"dateModified\":\"2025-07-14T23:48:09+00:00\",\"description\":\"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.\",\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/news\\\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2025\\\/07\\\/Untitled-design-26-2.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2025\\\/07\\\/Untitled-design-26-2.jpg\",\"width\":1200,\"height\":630,\"caption\":\"The central bank has recommended that surcharge fees on both debit and credit cards be scrapped. (David Crosling\\\/AAP PHOTOS)\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#website\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/\",\"name\":\"Ballina Times\",\"description\":\"Free local news\",\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#organization\",\"name\":\"Ballina Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2024\\\/07\\\/BallinaTimes.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/31\\\/2024\\\/07\\\/BallinaTimes.png\",\"width\":697,\"height\":98,\"caption\":\"Ballina Times\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/#\\\/schema\\\/person\\\/a18f05ec53852f1d7d0528135e60d795\",\"name\":\"Times News Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g\",\"caption\":\"Times News Group\"},\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballinatimes\\\/author\\\/warick\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aussies set to save big as RBA moves to scrap card fees - Ballina Times","description":"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/","og_locale":"en_US","og_type":"article","og_title":"Aussies set to save big as RBA moves to scrap card fees - Ballina Times","og_description":"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.","og_url":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/","og_site_name":"Ballina Times","article_published_time":"2025-07-14T23:38:00+00:00","article_modified_time":"2025-07-14T23:48:09+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg","type":"image\/jpeg"}],"author":"Times News Group","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Times News Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/#article","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/"},"author":{"name":"Times News Group","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#\/schema\/person\/a18f05ec53852f1d7d0528135e60d795"},"headline":"Aussies set to save big as RBA moves to scrap card fees","datePublished":"2025-07-14T23:38:00+00:00","dateModified":"2025-07-14T23:48:09+00:00","mainEntityOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/"},"wordCount":335,"publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#organization"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg","articleSection":["News"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/","url":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/","name":"Aussies set to save big as RBA moves to scrap card fees - Ballina Times","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/#primaryimage"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg","datePublished":"2025-07-14T23:38:00+00:00","dateModified":"2025-07-14T23:48:09+00:00","description":"The RBA card surcharge proposal could save Aussies over $1 billion a year and ease costs for small businesses, with changes by July 2026.","inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/aussies-set-to-save-big-as-rba-moves-to-scrap-card-fees\/#primaryimage","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2025\/07\/Untitled-design-26-2.jpg","width":1200,"height":630,"caption":"The central bank has recommended that surcharge fees on both debit and credit cards be scrapped. (David Crosling\/AAP PHOTOS)"},{"@type":"WebSite","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#website","url":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/","name":"Ballina Times","description":"Free local news","publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#organization","name":"Ballina Times","url":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#\/schema\/logo\/image\/","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2024\/07\/BallinaTimes.png","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/31\/2024\/07\/BallinaTimes.png","width":697,"height":98,"caption":"Ballina Times"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/#\/schema\/person\/a18f05ec53852f1d7d0528135e60d795","name":"Times News Group","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/725ae9e23e3dcf00f2823c56f38aef4148bd47b1daae532b34be176aa707f20b?s=96&d=mm&r=g","caption":"Times News Group"},"url":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/author\/warick\/"}]}},"_links":{"self":[{"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/posts\/108383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/users\/153"}],"replies":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/comments?post=108383"}],"version-history":[{"count":0,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/posts\/108383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/media\/108387"}],"wp:attachment":[{"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/media?parent=108383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/categories?post=108383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/tags?post=108383"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/wp-json\/wp\/v2\/post_folder?post=108383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}