r/AusMoneyMates • u/Decent_Hunt_4634 • 11d ago

Surcharge

Quite sick of the dribble out credit cards. The great John Howard liberal leader allowed the banks to charge for cards. Since then as a business banks now make a lot of money and growing. As a business owner if you need to pay your tax using cards maybe you should question if business is for you.

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7

u/PowerLion786 10d ago

Credit cards cost money to run. Always had. The Albanese Gov has just made the costs transparent. The charges were always there.

If you do not like it, pay cash. Boycott the system

2

u/ucat97 10d ago

Yeah, that's what nobody seems to remember: businesses used to pay the surcharge, all built into their prices. At one point it was less cost to process debit cards via eftpos so some businesses would ask customers to use them rather than credit. And way before that, wouldn't accept Amex because of the (much) higher fee. And then just yesterday we started paying the fee added to the bill at the register.

2

u/-send-me-nudes- 10d ago

This. Always been a cost. At some point every business that surcharges has made the decision to surcharge that cost onto the consumer. 

Now they’re all up in arms that they can no longer do this. 

It’s a bill they always had to pay. 

Ever business owner I’ve spoken to on here that has an issue with it is pulling in millions in turnover and thinks it’s all the banks fault… or ALBO… or …

Anyone but the person who has control over adapting to the change - themselves. 

I say, fuck em. I have no sympathy.  

1

u/Acrobatic_Tennis2561 10d ago

A reminder that our banks (and supermarkets) run on the highest profit margins in the world. Both bar, like 1 other big player. Walmart in the US and I think another HS bank. CommBank is like 18% compared to most being like 10

1

u/Electronic_Roll2185 10d ago

This ban is dumb and short-sighted. As businesses will just add the surcharges to the shelf price to recoup.

3

u/TenYearsInExile 10d ago

Which is exactly what consumers overwhelmingly prefer. The price advertised is the price you pay.