Surcharges, Swipe Fees & Strategy: Preparing for the RBA Ban, with Larry Prosser
About this episode
Phil Di Bella interviews Larry Prosser about the implications of the RBA's proposed ban on card surcharges and its effects on the payments industry.
In this episode of Bean There Done That, host Phil Di Bella sits down with Larry Prosser, Executive Director of Beyond Payments, to unpack the Reserve Bank of Australia’s proposed ban on card surcharges. They break down what this policy really means for consumers, merchants, and banks—and why the supposed “savings” for customers might actually backfire. Larry explains how surcharges evolved, why compliance matters, and the hidden costs bundled into merchant fees. Phil pushes the conversation into real-world territory: shrinking café margins, the politics behind RBA decisions, and the practical steps small businesses must take now. It’s an eye-opening look into the payments industry, packed with insights every business owner and everyday consumer needs to hear. Key Topics and Themes The history of surcharging and RBA policy shifts Why banning surcharges may increase prices instead of lowering them The impact of shrinking café and hospitality profit margins How banks and POS providers bundle hidden fees into merchant services The ethical approach Beyond Payments takes with transparency and compliance The bigger picture: industry bodies, political motives, and small business…
More episodes of Bean There, Done That!
- The $37,500 Fine You Didn't See Coming: Hospitality Compliance and Staff Training for Cafes and Restaurants, with Brendan Power
- Pay Day Superannuation: What You Need to Know Now
- Turn Payments Data into Profit. Margins Don’t Lie, with Aaron Prosser
- Looking Ahead: What’s Brewing in 2026: AI, Coffee, and the Power of Community
- 2025 Wrap Up. Café Reality Check: Adjustment, Relentless Costs & What Comes Next, With Raihaan Esat
- Using Holidays to Drive Sales with Emotion. With Natalie Shaw
Explore listener stats, chart rankings, contacts and more on the Bean There, Done That! podcast page.