Mmastodon BusinessBanking first seen 2 d ago, last 17 h ago, peak #1
Debate over bank card surcharge ban heats up in Australia
Original: ## Bankcards Surcharge Beatups Everything regarding the ban on # CardSurcharges can be simply understood by asking one s
Discussion is growing in Australia over a proposed ban on card payment surcharges, with critics arguing the issue comes down to who profits from card use and the fees attached. Commenters point to banks as the main beneficiaries of the current system, where merchants pass card charges on to customers. The debate centres on whether banning surcharges would shift costs rather than eliminate them.
Why now: A proposed ban on card surcharges is being widely debated, with people questioning whether banks profit from the current fee system.
Australian banksReserve Bank of Australia
Rank over time, top of the chart is #1. 28 snapshots from 2 d ago to 17 h ago.
Evidence
- ## Bankcards Surcharge Beatups Everything regarding the ban on # CardSurcharges can be simply understood by asking one simple question: “Who *profits* from such bankcard use and the charges it attract s?” There you go… **BANKS**. That’s it. All issues and underlying problems… · RaymondPierreL3@aus.social · 16
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