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  1. Credit, debit & prepaid card surcharges

    30 October 2018 - Businesses are banned from charging excessive payment surcharges on credit, debit and prepaid card payments. The ACCC will investigate consumer complaints and take enforcement action where necessary. Payment surcharges Ban against excessive surcharges Included and excluded payment types Typical surcharge costs If businesses introduce other fees EFTPOS minimums Enforcing …
  2. Lloyds Auctioneers pays penalty for excessive payment surcharges

    17 October 2018 - issued three infringement notices for alleged breaches of the excessive payment surcharges law. From September 2017 to March 2018, Lloyds charged customers a 2.25% surcharge when making credit or debit card payments online for auction items purchased. The ACCC considered these surcharges were excessive because they were higher than Lloyds’ cost of processing those …
  3. Prices, surcharges & receipts

    23 June 2016 - a payment surcharge that is excessive. Make sure you keep a copy of your receipt or some other proof of purchase in case … Credit, debit & prepaid card surcharges A new ban stops businesses from charging payment surcharges on credit, debit … necessary. Prices, surcharges & receipts …
  4. ACCC takes action against Europcar for excessive card payment surcharges

    25 July 2018 - for allegedly charging excessive credit and debit card payment surcharges, in breach of the Competition and Consumer Act 2010 … above what it cost Europcar to accept those payments. The ACCC also alleges excessive payment surcharges were imposed … charged surcharges of up to 1.43 per cent, although the rates varied over time and by the type of card. The ACCC alleges …
  5. Correction: Cruisin Motorhomes pays penalty for excessive payment surcharges

    17 July 2018 - an infringement notice for an alleged breach of the excessive payment surcharge laws in the  Competition and Consumer Act 2010 … surcharge, despite the cost of processing the payment ranging from 0.41 to 1.48 per cent. The excess payment surcharge laws … of acceptance for MasterCard debit is 0.41 per cent, a business can only add a surcharge of 0.41 per cent for customers who pay …
  6. Consumers

    28 June 2017 - Featured topics Person using a tablet to shop online Credit, debit & prepaid card surcharges A new ban stops businesses from charging payment surcharges on credit, debit and prepaid card payments that are excessive. Protecting yourself from scams Scammers know how to press your buttons to get what they want. One of the best ways to combat this is to stay one step …
  7. Ban on excessive surcharging by large businesses starts today

    1 September 2016 - on charging consumers excessive payment surcharges, which commences today. “The new law limits the amount a large business can … large businesses to review their pricing practices. We expect to see a move from flat-fee surcharges for purchasing items like flights, towards percentage-based or capped surcharges. The ACCC is aware that some event ticketing companies …
  8. Private health insurance

    30 October 2018 - Levy Surcharge, as distinct from the Medicare Levy, is an additional tax imposed on high-income earners who do not have … for individuals or $180,000 for families as at 2016/2017) will save on the Medicare Levy Surcharge by purchasing appropriate private health insurance. The majority of Australian consumers do not incur the Medicare Levy Surcharge and are not able to save …
  9. Price displays

    30 October 2018 - that charge a surcharge on certain days do not need to provide you a separate menu or price list or have a separate price column with the surcharge included. However, the menu must include the words “a surcharge of [percentage] applies on [the specified day …
  10. Small business in 2018 webinar

    20 June 2018 - on excessive surcharging has been expanded to include small business. What does that mean for a small business owner? Mr Salisbury … for example, you get down and there’s the add-on, the extra to pay, there's a surcharge for paying with a card. Ms Morgan: All about the dreaded credit card surcharge. Mr Salisbury: Indeed, it is. And not just credit cards, some other cards too. So …