Ban on excessive surcharges when using EFTPOS

From 1 September 2017 all business are banned from overcharging customers for using an EFTPOS (debit and prepaid), MasterCard (credit, debit and prepaid), Visa (credit, debit and prepaid) and American Express cards issued by Australian banks.

Businesses can now only surcharge what it actually costs them to process card payments, including bank fees and terminal costs.  This means they can only pass on external costs charged to them by their financial provider and can not include any internal costs. Guides for both consumers and business can be found here:

The Australian Competition and Consumer Commission (ACCC) will be enforcing this to ensure businesses are complying with the law. If you know anyone who has a business share this information with them to ensure they keep up to date with the changes.