"One of Australia’s most hated hidden fees has been removed. The RBA released its review of merchant card payment costs and surcharging, recommending three changes to Australia’s payment network. These include removing surcharges which will be banned from October 1, with businesses now having to display the entire cost - including credit charges – as part of the sticker price. The RBA is reducing interchange fees – which are paid by a business’ bank to the customer’s bank, will be lowered while the RBA promised to ensure increased transparency surrounding fees charged by card networks."