‘It’s the banks’: Industry body explains origins of high surcharge fees as govt calls for ban

government must do to implement its surcharge ban which was announced on TuesdayThe government's crackdown on debit card fees will involve a ACCC review into excess card costs, excluding credit cards, in a bid to east cost-of-living pressures.

The government's fresh bid to ban surcharge fees has been met with a double-pronged approach to best avoid the banks stinging customers further down the track. Picture: artursfoto/Getty Images Mr Foukkare said he would welcome the surcharge abolition if the payment system underwent a reform, adding the “underlying” fees associated with transacting were currently falling on the retailer, which were dumped on the consumer.

“It's crazy that we are faced with a situation where consumers are getting slugged every single time they actually pay at the table for anything across any retailer.”

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