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In Australia the government put in legislation to cap the maximum credit card surcharge that a merchant could charge the customer to the actual fee that they pa
by daemin 8y ago
In Australia the government put in legislation to cap the maximum credit card surcharge that a merchant could charge the customer to the actual fee that they pay on the card.
When I was there I remember things like $10 or $20 minimum and also anywhere up to 5-10% surcharge for paying with a card.
- maaark 8y agoThe UK did too. The cap is 0.
- thesimon 8y agoWell, the EU did.
- ImaCake 8y agoThey basically banned the $10 minimum. It isn't all in favour of the CC companies though. They are limited in what they can charge vendors for each transaction, which is why credit card churning isn't worth as much money in Australia as the US.