{"id":15885,"date":"2024-09-14T00:37:53","date_gmt":"2024-09-13T22:37:53","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/09\/14\/opaque-and-complicated-card-surcharges-are-costing-australians-billions-is-an-overhaul-needed\/"},"modified":"2024-09-14T00:37:53","modified_gmt":"2024-09-13T22:37:53","slug":"opaque-and-complicated-card-surcharges-are-costing-australians-billions-is-an-overhaul-needed","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/09\/14\/opaque-and-complicated-card-surcharges-are-costing-australians-billions-is-an-overhaul-needed\/","title":{"rendered":"\u2018Opaque and complicated\u2019 card surcharges are costing Australians billions. Is an overhaul needed?"},"content":{"rendered":"<p>Consumers are the big losers in a world where top retailers get \u2018sweetheart deals\u2019 while small businesses get confused, advocates say<\/p>\n<ul>\n<li>Get our <a href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=cvau_sfl\">breaking news email<\/a>, <a href=\"https:\/\/app.adjust.com\/w4u7jx3\">free app<\/a> or <a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/full-story?CMP=cvau_sfl\">daily news podcast<\/a>\n<\/li>\n<\/ul>\n<p>Debit cards have long been promoted as a replacement to cash.<\/p>\n<p>But a complicated system of opaque fee charges has created a multi-billion-dollar revenue opportunity for the payments sector and left many consumers paying too much.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/australia-news\/2024\/sep\/14\/australia-card-surcharges-credit-debt-rba-review\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/3b1691d5f3c212a99f5cc22020231d2f0e744c13\/145_598_7032_4219\/master\/7032.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=28ecdc532280072404c9a1d4b342ca5a\" title=\"\u2018Opaque and complicated\u2019 card surcharges are costing Australians billions. Is an overhaul needed?\" \/>Consumers are the big losers in a world where top retailers get \u2018sweetheart deals\u2019 while small businesses get confused, advocates say<br \/>\nGet our breaking news email, free app or daily news podcast<\/p>\n<p>Debit cards have long been promoted as a replacement to cash.<br \/>\nBut a complicated system of opaque fee charges has created a multi-billion-dollar revenue opportunity for the payments sector and left many consumers paying too much. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumers are the big losers in a world where top retailers get \u2018sweetheart deals\u2019 while small businesses get confused, advocates say Get our breaking news email, free app or daily news podcast Debit cards have long been promoted as a replacement to cash. But a complicated system of opaque fee charges has created a multi-billion-dollar &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/09\/14\/opaque-and-complicated-card-surcharges-are-costing-australians-billions-is-an-overhaul-needed\/\"> <span class=\"screen-reader-text\">\u2018Opaque and complicated\u2019 card surcharges are costing Australians billions. Is an overhaul needed?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":15886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/15885"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=15885"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/15885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/15886"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=15885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=15885"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=15885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}