‘Opaque and complicated’ card surcharges are costing Australians billions. Is an overhaul needed?

Consumers are the big losers in a world where top retailers get ‘sweetheart deals’ while small businesses get confused, advocates sayGet our breaking news email, free app or daily news podcastDebit cards have long been promoted as a replacement to cash.But a complicated system of opaque fee charges has created a multi-billion-dollar revenue opportunity for the payments sector and left many consumers paying too much. Continue reading…Technology | The GuardianRead More