Payments Daily · Saturday, September 26, 2026Daily
PAY.NEWS
Australia to ban card surcharges and lower interchange fee caps in 2026
The Reserve Bank of Australia announced the conclusions of the third phase of its review of merchant card payment costs and surcharges. From October 1, 2026, EFTPOS, Mastercard, and Visa will implement rules prohibiting card payment surcharges, and the domestic interchange fee cap will be lowered; from April 1, 2027, the relevant rules will apply to cards issued overseas.
Payments & Infrastructure
Checkout.com BlogFirst partyAustralia’s 2026 Card Payment Reform: What Merchants Need to Know About No-Surcharge Rules and Changes to Interchange Fee Caps
The Reserve Bank of Australia (RBA) announced the conclusions of the third phase of its review of merchant card payment costs and surcharges. From October 1, 2026, EFTPOS, Mastercard, and Visa will implement rules prohibiting card payment surcharges, and the domestic interchange fee cap will be lowered; from April 1, 2027, a 1% interchange fee cap will apply to cards issued overseas.