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JackW1's avatar
JackW1
Contributing User
2 months ago

RBA ban on surcharging and MYOB online payments surcharges

Has MYOB provided any information or news regarding this.   Are we to expect that come 1 October, the ability to apply the 1.8% surcharges to customers (Customer pays the surcharge) will be removed...
Online Invoice Payments
Sjacob's avatar
Sjacob
Member
12 days ago

So, according to the RBA, as of 1 October 2026, businesses must remove surcharges on eftpos, Mastercard and Visa payments. To help small businesses, this is coupled with a reduction of domestic interchange fees. So, will we see a reduction in the fees we are charged by MYOB?

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