Cash only, or grin and bear it: Businesses brace for the surcharge ban
The long-awaited reform is now rattling the small business sector, which typically pay the highest merchant fees of any business type.
A growing number of small businesses say they will no longer accept card payments from October 1, urging customers to use cash or direct bank transfers instead.
Others are begrudgingly waiting to absorb those card acceptance costs in other parts of their business, saying card payments are simply too important to give up.
From Thursday, merchants will no longer be allowed to pass the cost of accepting debit and credit card payments onto their customers in the form of a surcharge.
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