ACCC urges businesses to review card surcharges

Posted: 12/07/2017

​The Australian Competition & Consumer Commission (ACCC) has published guidance for business owners about surcharges for purchasers who pay with cards. From 1st September 2017, businesses that accept card payments may not charge more than the ‘cost of acceptance’ for these forms of payment. The new law limits the amount t​hat a business can charge customers for use of payment methods such as EFTPOS (debit and prepaid), 

MasterCard (credit, debit and prepaid), Visa (credit, debit and prepaid) and American Express cards issued by Australian banks. This came into effect for large businesses last year. For more information, see ACCC Fact Sheet Payment surcharges – only charge what it costs you.

Payment types that are not covered by the ban include BPAY, PayPal, Diners Club cards, American Express cards issued directly by American Express, cash and cheques.