Forum Discussion

Slimflow's avatar
Slimflow
Cover User
16 hours ago

Card Surcharges

As of 1st of October will MYOB be charging us the 1.8% Credit Card surcharge + the .25c transaction fee or will it be removed as per the RBA's recommendation?

 

1 Reply

  • Hey Slimflow​ 

    MYOB will be updating our invoicing feature to help keep your payment experience in line with the new guidelines.

     

    The 1.8% + 25c is MYOB's online payment transaction fee, it's what we charge to process payments made online, and that will still be in effect. What is changing from 1 October 2026, is the ability for a business to pass that fee on to a customer as a surcharge.

     

    MYOB will share more product specific guidance through August and September so you know what to expect in your product. You can find updates here.