This small business is trying to blame RBA for banning card surcharges because "RBA keeps the money either way". A complete disinformation.

It reminds me of when many of them blamed the government for the covid rules and mask mandates, and spread all sort of disinformation.

I want to support small businesses, but I also cannot stand this kind of behavior.

#australia
#surchage
#RBA
#hiddencost
#smallbusiness

THE SURCHARGE SCENARIO: AUSTRALIANS STICK TO CARDS AMIDST FEE SHIFTS AND QR CODE WHISPERS

The RBA has banned card surcharges for Australians. Learn how this change affects your credit card fees, rewards, and the move toward QR code payments.

#rba, #australiafinance, #cardsurcharge, #qrpayments, #costofliving

https://newsletter.tf/rba-bans-card-surcharges-australia-2024/

The RBA is banning card surcharges to help Australians save $1.2 billion every year. This is a big change from previous years where extra fees were common at checkout.

#rba, #australiafinance, #cardsurcharge, #qrpayments, #costofliving
https://newsletter.tf/rba-bans-card-surcharges-australia-2024/

RBA is banning surcharges from October 2026 so my business will have to swallow the fee for Square transaction.

There are few or no ATMs in outskirts of Caboolture so hard to get cash to avoid fees.

Businesses are paying for infrastructure for EFTPOS via mobile.

#finance #eftpos #surcharge #ban #rba #australia #square #mobile #atm #cash

It sounds like #GregJericho is about to throw in the towel and give up any hope that the #RBA will mend its ways and hence forecasts a #Recession… eventually.

“At least the impact is not as large as it was in 2022 and 2023 when profits soared after Russia invaded Ukraine, causing oil, gas and fertiliser prices to spike.

Good thing nothing like that has happened recently … oh wait, I am being handed a note.

And so, we wait to see the damage in the March figures and know that, regardless of the cause of inflation, the RBA is likely to blame workers – and they will hold to that view even if it means a recession.”

Read the article here:
https://www.theguardian.com/business/grogonomics/2026/mar/26/australia-inflation-profit-margins-fuel-crisis-supply-chain-shock
#AusPol #Economy #Inflation #NeoClassicalEconomics