Forget card surcharges, these three invisible fees are costing us more

Forget card surcharges, these three invisible fees are costing us more

Hidden fees are a fact of life in our financial system, and some of them are even more egregious than credit card surcharges.

RBA's attack on "outdated" surcharge model could miss the mark

The RBA says it’s in the public interest to scrap the surcharge system and estimates consumers could collectively save A$1.2 billion annually. But like all major financial reforms, the devil is in the detail

Kudos to ALNA for their strong position on the RBA surcharge position

ALNA issued a good and strong response to the RBA position on payments surcharges: RBA Surcharge Ban Fails Small Business The Australian Lottery and Newsagents Association (ALNA) has expressed disgust at the Reserve Bank of Australia’s proposed surcharge ban, condemning it as a bureaucratic failure that demonstrates a shocking lack of understanding of how small businesses operate. ALNA CEO Ben Kearney slammed the RBA’s consultation paper on merc…