Local retailers have given mixed reviews as the feedback period for public comment on the draft proposal by the Reserve Bank of Australia (RBA) to end card surcharges draws to a close.
The bank wants to allow payment services like Visa, Mastercard and EFTPOS to ban businesses from charging surcharges to cover electronic transaction costs.
The RBA says the move would save the average Australian $60 a year, but Coonamble café owner Ahmad ‘Al’ Karanouh says menu prices would rise…