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

On 15 July 2025, the Reserve Bank released a Consultation Paper on its Review of Merchant Card Payment Costs and Surcharging. The Consultation Paper put forward the Payment System Board’s preliminary policy views on topics including surcharging, interchange fees, scheme fees, transparency and least-cost routing. Stakeholders were invited to provide written submissions in response to these issues. Non-confidential submissions are published below.

Confidential Information

The Bank received 37 confidential submissions, including some from entities that also provided public submissions.