Forum Discussion
Coastcomms
1 month agoMember
Why is MYOB allowed to charge card fees if businesses are not? MYOB is a business isn't it?
merkelj
1 month agoExperienced Cover User
My understanding is that it isnt just MYOB, it is any platform that businesses use to take payment. Square is an example that I know of.
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/2026-03/
This link from the RBA gives a summary of why it is happening. One interesting point is that card surcharges were brought in to encourage consumers to use cheaper payment methods - e.g CASH which became a discouraged method of paying around 2020.
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