The hidden billions we’re paying in card fees | The Daily Aus

The Government wants to crack down on “unfair and excessive card surcharges” in Australia. It's announced plans to ban debit card surcharges from 2026. The RBA estimates Australian businesses pay close to $2 billion a year to card networks, but the Opposition argues the Government's plan “won’t make a difference” for Australians facing a cost of living crisis. On today’s podcast, we’ll explain how these charges currently work, why they're a problem, and what lawmakers want to do about it.
Hosts: Sam Koslowski and Emma Gillespie
Producer: Orla Maher
Want to listen to more episodes of The Daily Aus' podcast? Follow us:
Spotify ► spoti.fi/46UTaD7
Apple ► apple.co/3MiPu4I
The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Support us by subscribing to our channel here: bit.ly/3l6IFpt
Or check out our other platforms here:
Website ► thedailyaus.co...
Instagram ► / thedailyaus
TikTok ► / thedailyaus
Note: Captions are auto-generated
#news #podcast #thedailyaus