Consultation: Credit card surcharges and non-transparent transaction fees

[Mal]

(did look to see if it has been posted here before, but couldn't find it... submissions via email or the survey close tomorrow!!!)

The Assistant Treasurer, the Hon David Bradbury MP, has announced a study into the experiences of Australian consumers when they encounter credit card surcharges and transaction fees.

The study will build on recent developments by identifying best practices to improve their transparency.

CCAAC has launched a survey to investigate the experiences of consumers when encountering credit card surcharges and transaction fees. Consumers are invited to respond to the survey by 21 June 2013.

Credit card surcharges and non-transparent transaction fees: A study

 

[Inver]

Thanks Mal.

 

[kyle]

Would this be viable?

"The merchants are forced to disclose the amount of the fees actually charged by the credit card companies at the point of sale versus the surcharge imposed on the customers."

 

[SimonF]

Would this be viable?

"The merchants are forced to disclose the amount of the fees actually charged by the credit card companies at the point of sale versus the surcharge imposed on the customers."

How would this actually change anything unless they could only pass on actual cc fees they are charged?

 

[kyle]

How would this actually change anything unless they could only pass on actual cc fees they are charged?

Well the question asked for improvements to disclosure practices... then we'll know what their margin on top is.

 

[quokka77]

Filled in the survey. Doubt much will change.

 

[Mal]

Filled in the survey. Doubt much will change.

Yeah. Agree. But if the government knows the level of unrest they might try and do something.