Ban on excessive payment surcharges for certain cards starts today (1st Sep 2017)

The ban on excessive credit card payment surcharges for businesses starts today.


The appropriate level of surcharge that can be collected from the business on the premises is an amount that does not exceed the cost (bank fees, terminal costs, etc.) that the business pays to the payment institution (eg, bank).


If you are a business owner, please contact the bank to confirm the exact acceptable cost.


For details, please visit below link: https://www.accc.gov.au/media-release/excessive-payment-surcharge-ban