CBA cuts merchant fees as surcharge ban looms for Australian businesses
Commonwealth Bank is lowering merchant service fees from 1.1 per cent to 0.99 per cent from October 1, when Australia's surcharging ban takes effect.
Why it mattersSmall businesses losing surcharge revenue will see lower payment processing costs, though many still face cash flow pressure as they adjust to the ban.
AustraliaAustralian small business owners using CBA will pay less to process card payments from October, though the surcharging ban affects all card networks nationwide and responses vary widely.
✓ Claims checked against the source. checked 2 h ago
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