RBA Interchange Surcharging

RBA Interchange Surcharging Review

The Reserve Bank of Australia (RBA) has released a consultation paper on interchange and related fees, focusing on transparency, pricing controls, and broader concerns in the payments sector. Whilst much of this is positioned in the context of surcharging, a priority issue in Australia, the RBA's stance on interchange and card scheme fees could influence other regulators globally.

The MRC has collaborated with its merchant members to draft a position paper reflecting practical approaches to facilitate low-cost payments in Australia.

You can access the position paper for detailed insights. Additionally, you may review the RBA's original guidelines for submission of feedback.

While comments have closed as of December 3rd, 2024 please reach out to peter.bayley@merchantriskcouncil.org or una@merchantriskcouncil.org if you have any additional questions or comments.