Card surcharge ban used as ‘cover’ for larger price increases by Australian businesses, experts say

‘Round-up’ pricing in items such as coffee suggests increases are exceeding the typical 1. 5% surcharge fee Follow our Australia politics live blog for latest updates Credit card surcharges, typically worth about 1. 5% of the transaction, were banned from 1 October , as part of a Reserve Bank-led reform aimed at improving transparency for customers and, ultimately, lowering bank fees.