The Sydney Morning Herald
· collected 2026-10-10 · by Christopher Harris
Why this leaning score
The model judged this article politically coded and scored it -0.50, but every quote it verified points right, so the score is not published.
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Leaning score withheld for article 70005: score contradicts its own evidence · logged 2026-10-10
Small business owners across Sydney are reintroducing minimum amounts for card payments and putting up signs urging customers to pay cash as they face losing thousands of dollars each year due to the ban on card surcharges.
asserted
they → reintroduce → surcharges
The Reserve Bank of Australia decided it was in the “public interest” to ban surcharges on card payments from October 1 and Prime Minister Anthony Albanese said it could make the cost of a cup of coffee cheaper.
uncertain
cost → decide → coffee
But economists have since issued a warning that the new rules could be inflationary as businesses raise prices to recoup electronic payment costs under the changes, which were expected to save consumers $1.6 billion every year.
uncertain
which → issue → billion
In Leichhardt, the owner of popular Italian trattoria La Botte Doro, Gabrielle Franco, has put up a sign saying “cash is king”, encouraging people to pay cash.
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cash → put → cash
That’s because he estimates he stands to lose between $12,000 and $16,000 should he absorb the costs of electronic payments, noting he declared all income to the Australian Tax Office.
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he → ’ → Office
“I can’t increase prices,” he said.
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he → increase → prices
I work seven days like a dog.
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I → work → dog
The government is taking $16,000 out of my pocket.”
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government → take → pocket
He said the business was already squeezed by high inflation, while the surcharge ban would likely flow on to how much suppliers charged as they increased their prices to cover the cost of paying with a card.
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they → say → card
“A lot of small businesses are going to shut – the suppliers are going to bring in extra charges for delivery,” he said.
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he → go → delivery
“I worked so hard to start my business, get my visa, I work to pay my bills and make my customers happy.
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customers → work → bills
I am not angry, you just got to navigate things.
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you → got → things
“I need to perform for the government, they do nothing for me.”
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they → need → me
At Cranes Newsagency in Marrickville, owner Geoffrey Ji put up a sign saying there was now a $10 minimum spend for EFTPOS payments, Opal card top-offs had a $35 minimum spend, and he would not be accepting any credit card payments whatsoever from October 1.
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he → put → October
He estimates he stands to lose around $3000 a month should he carry on business as usual.
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he → estimate → business
“For the newspaper we make around 20¢,” he said.
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he → make → 20¢
“If everyone uses the card, there is no profit.”
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everyone → use → card
In response to the surcharge ban, the ATO said it would no longer accept credit card payments from small businesses that use them to pay tax bills in instalments to maintain cash flow.
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that → say → flow
Following a backlash against that decision, the government said it would delay the ban for a year.
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it → follow → year
Owner of Alkalizer Café in Campbelltown, Shefali Pall, welcomed that announcement on Friday because she uses credit card payments to the ATO it as a cashflow management tool.
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she → welcome → tool
But she said simply delaying the introduction of a credit card ban was not a solution.
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delaying → say → ban
“Businesses need flexibility.
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Businesses → need → flexibility
It is very simple: if you have a $30,000 to $50,000 ATO bill to pay, the credit card gives you that flexibility.
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card → have → flexibility
They will have to find a middle ground.
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They → have → ground
As part of the reforms, the maximum fee a customer’s bank can charge to small businesses on a consumer credit card payment dropped from 0.8 per cent to 0.3 per cent of the transaction.
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bank → charge → transaction
But the Australian Banking Association noted if costs did not decrease for small businesses, it was because other companies including Visa, Mastercard, Square or Tyro may have raised their fees while banks have reduced theirs.
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banks → note → theirs
On Saturday, Energy Minister Chris Bowen acknowledged different views but said ultimately, Australians, including small businesses, were better off with a reduction in fees and no surcharges.
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Australians → acknowledge → fees
I think almost every Australian uses credit cards every day now, and we shouldn’t be charged for doing so,” he said.
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he → think → cards
Business NSW executive director Paul Nicolaou said rising costs and additional red tape was making it harder and more expensive to operate, noting 14,000 companies across the country entered external administration last financial year.
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companies → say → administration
“We cannot continue adding costs and complexity to businesses and then be surprised when more operators close their doors,” he said.
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he → continue → doors
Subscribers can sign up to our weekly Inside Politics newsletter.
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Subscribers → sign → newsletter
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