The $6.5B surcharge trap + Top exec found dead after being granted bail

Afternoon Headlines: Bank exec charged with procuring under-age girls for sex found dead, Aussie dollar down as unemployment rate rises, Palestinian Ministry of Health reports over 58,000 killed in Gaza since October 7 and Tomorrowland mainstage engulfed by flames.

Deep Dive: Credit and debit surcharges are costing Australians billions of dollars every year. But who’s making the profit? The RBA announced this week that it wants to crack down on a major loophole and abolish the surcharges.

In this episode, Natarsha Belling is joined by Brad Kelly, co-founder of Independent Payments Forum, who explains how the surcharges work and why the planned overhaul may actually be bad news for small businesses and consumers.

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