Politics · Australia · 6 hrs ago
McBain urges RBA to remove fees businesses pay for card machines
Labor frontbencher Kristy McBain has called on Australia’s Reserve Bank to go further on card surcharges.
She says banks should stop charging businesses fees to use point-of-sale machines.
These are the machines businesses use to take payments at the counter.
McBain’s proposal concerns fees paid by businesses, not just surcharges.
The issue matters because those fees are a cost for businesses that accept payments this way.
The information available does not say whether the Reserve Bank will act or what happens next.
Labor frontbencher Kristy McBain says the Reserve Bank should remove bank fees businesses pay to use point-of-sale machines.
Her call asks the RBA to go further on a ban on card surcharges.
The article does not include the RBA’s response or further details of McBain’s proposal.
- Who
- Labor frontbencher Kristy McBain.
- What
- She says the Reserve Bank should remove bank fees businesses pay to use point-of-sale machines.
- When
- Not stated.
- Where
- Australia.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Proponent
- Kristy McBain
- Institution addressed
- Reserve Bank of Australia
- Fees at issue
- Bank fees businesses pay to use point-of-sale machines
- Related policy issue
- Card surcharges ban
Sources
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