Most small businesses absorb card surcharge ban, but Tyro expects price rises
Tyro analysis finds only 12.4% of merchants raised prices in first three weeks of October; CEO expects more businesses to lift prices in coming months amid rent, electricity and wage pressures
Most small businesses have so far chosen to absorb the cost of Australia’s ban on credit and debit card surcharges rather than pass it on to customers, but Tyro expects more price rises in the months ahead as other cost pressures mount.