The Reserve Bank of Australia’s reform ends surcharges on eftpos, Visa, Mastercard, Amex, and other cards, covering debit, credit, and prepaid options.
Prime Minister Anthony Albanese noted it could make everyday buys like coffee cheaper, while the government and RBA push for fairer pricing after Australians paid $1.6 billion yearly in fees.
Critics including small business owners and opposition figures warn cafes will raise menu prices instead, with reports already showing operators adjusting costs on day one.