31/03/2026
Today’s RBA decision marks a significant shift for travel businesses managing the cost of taking card payments.
From 1 October 2026, surcharging on Visa, Mastercard and eftpos cards will no longer be permitted. At the same time, interchange caps are coming down, including a significant reduction for consumer credit interchange from 0.80% to 0.30%.
The practical impact for travel merchants is clear. Card acceptance costs are coming down, but surcharging will no longer be available to recover them. For many businesses, that means reviewing how payment costs are absorbed and how they are reflected in pricing ahead of the changes coming into effect in October.
At Mint Payments, our position is simple. We will pass those interchange savings through to our merchants in full, and we will work alongside them as they adapt.
Throughout the consultation, we made the case for the realities travel businesses deal with every day: higher-value transactions, forward delivery risk, margin pressure, and the disproportionate impact on smaller businesses. While the final decision does not create industry carve-outs, the reduction in interchange rates does lower a meaningful part of the cost base of card payments.
We also know this is not entirely new ground. In the UK, card surcharging has not been permitted since 2018, and Mint Payments works with travel merchants in that market today. That gives us a practical view of how businesses operate in a no-surcharge environment, and we will bring those learnings to our Australian merchants as this transition takes shape.
It also puts more focus on payment choice. As surcharging falls away, lower-cost integrated options like Pay by Bank, including PayID, become a more important part of the mix. For many merchants, that is where the next conversation starts: how to protect margin, keep checkout familiar for customers, and build a payments set-up that fits the way their business actually runs.
We will be sharing more as we work through the detail with our merchants and partners.