Review of Retail Payments Regulation Submissions on Review of Merchant Card Payment Costs and Surcharging

On 15 October 2024, the Reserve Bank released an Issues Paper to commence a review of merchant card payment costs and surcharging. The Issues Paper discussed and sought stakeholder views on a number of card payment issues including interchange fees, scheme fees, least-cost routing, transparency of merchant service fees and surcharging. Stakeholders were invited to provide written submissions in response to these issues, as well as to raise any related matters that they thought the Bank should consider as part of this Review.

Confidential Information

The Bank received 22 confidential submissions, including some from entities that also provided public submissions.