Your card fees drop Oct 1st.Your rate won't.
The RBA cuts what your provider pays to process cards. Your rate stays the same — they keep the gap.
What's it costing you?
How this is worked out
From October 1st, debit interchange is capped at 8c and consumer credit at 0.30%. We add around 0.10% in scheme fees and a 0.45% provider margin — a realistic price, not a best case — and assume a typical trade business (about 65% of card payments on debit, average job around $650). Your real quote depends on your provider. Estimate only, not financial advice.
Every month you wait, ~$381 stays with your provider.
Find the leak.
Send the email. Done.
Hi there,
I take about $45,500 a month on card and pay 1.58% all-in. After the October 1st caps, a fair price is around 0.66%. I'm asking you to:
Also inside: surcharge-free quote & invoice templates.
Questions tradies ask
Won't my provider just drop my rate?
Almost never. Your rate is set by the provider — when their costs fall, they keep the difference until you ask.
Can I still charge a card fee after October 1st?
No, not on debit or credit cards. A discount for cash or bank transfer is still fine — the pack shows how to word it.
Do I have to upload my statement?
No. You type four numbers from it. Nothing is sent or stored.