Coffee Prices at some Cafes Rise 10pc After RBA Imposes Card Surcharge Ban
One in six cafes has raised prices as businesses absorb card fees, and some owners warn the surcharge ban could force closures.
5 Articles
5 Articles
Coffee prices at some cafes rise 10pc after RBA imposes card surcharge ban
A ban on card surcharges has led to cafe owners lifting coffee prices. It's an unintended consequence of the Reserve Bank's card surcharge ban, which was intended to lower prices for consumers.
Scan, order, pay more? New fees spark frustration after surcharge ban
Remember the good news? From Thursday, 1 October, the great card surcharge ban finally arrived. Businesses can no longer add a surcharge for Visa, Mastercard, American Express or eftpos payments. The promise was simple and lovely. ‘When card surcharging ends, the sticker price will be the price that consumers end up paying,’ the Reserve Bank of Australia (RBA) explained. The reform was also meant to help businesses; the RBA estimated it would s…
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