FAQs
What are actions that need to be considered?
When setting fees (registration, competitions, programs), include a percentage-based transaction allowance (2.48%) in pricing. This ensures they cover the Stripe fees deducted from their account.
If not, the organisation will absorb the transaction cost themselves.
Why is this change being made?
This update aligns with recent regulatory changes from the Reserve Bank of Australia (RBA) relating to payment surcharge transparency and pricing practices. The changes are designed to ensure:
• Greater price transparency for participants
• Clearer understanding of total costs before completing a transaction
• Consistent application of payment-related charges across organisations
When is this starting?
From the 1st October 2026 there will be a ban on all card surcharges on EFTPOS, Visa and Mastercard Transactions.
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