Port cafe throws weight behind card-fee petition

Shire industry

Shaun Hollis

Senior Journalist

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The petition is calling for banks to be made to pay EFTPOS fees, rather than passing them onto businesses and consumers. Picture: Shaun Hollis

A petition calling on the Federal Government to protect small businesses from bank card processing fees has attracted close to 2000 signatures so far - with one Port Douglas cafe enthusiastically backing the campaign.

“Small businesses are increasingly forced to build card processing fees into the price of every product because surcharging rules and consumer expectations make separate surcharges impractical,” the petition states.

“This means all Australians—including cash-paying customers—are paying higher prices while banks and payment providers continue to profit from payment processing.” 

The petition is calling on the Federal Government to introduce reforms that shift these costs away from businesses and consumers and onto the financial institutions.

Organisers want laws amended to “reduce or eliminate merchant payment processing fees on everyday debit and credit card transactions; require payment providers and financial institutions to offer low-cost electronic payment services that do not impose unnecessary costs on Australian businesses and consumers; direct the relevant regulators to review the impact of card payment fees on the cost of living and small businesses; and introduce reforms that prevent banking transaction costs from unnecessarily increasing the advertised price of goods and services.”

Cafe Fresq on the corner of Grant and Macrossan streets is encouraging people to sign the petition.

“Friends we need your help,” cafe staff posted online last week.

“Every time a customer taps their card, a small percentage can be taken from the business as an EFTPOS surcharge.

“It might only be a few cents here and there, but across thousands of transactions, those fees add up to thousands of dollars every year for small businesses.”

“Small businesses are already dealing with rising wages, rent, insurance, electricity, food costs and endless fees,” they stated. 

“We shouldn’t have to absorb another cost just to accept electronic payments.”

The petition is open until Wednesday, September 2 - you can sign at aph.gov.au/e-petitions/petition/EN10338.

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