Australians lose nearly $1 billion a year to card surcharges | The company | ABC News
Australians are losing nearly a billion dollars a year in card surcharges, as businesses pass on the cost of electronic transactions. To cut fees, the Reserve money institution wants payments processed through the cheapest network, known as least-cost routing, but the take-up has been slow. RBA governor Michele Bullock has threatened to mandate LCR if … Read more