A major shake-up is coming to the way Australians pay — and it could change everything from checkout prices to credit card perks.

The Reserve Bank of Australia has confirmed plans to remove surcharges on debit, credit, and prepaid card payments across eftpos, Mastercard, and Visa. The goal is simple: make payments clearer, fairer, and easier for consumers. But while the change may remove those annoying checkout fees, it could also trigger a ripple effect through the financial system.

 Brent Bultitude speaks with Sally Tindall from Canstar about what this overhaul really means for everyday Australians.

We break down the winners, the losers, and the real-world impact of one of the biggest changes to Australia’s payments system in years — all beginning from October 1, 2026.