The RBA wants to save consumers $1.2 billion a year by eliminating surcharges. That cost doesn't disappear — it shifts to you.
From 1 October 2026, surcharges on Visa, Mastercard and eftpos are illegal. Businesses that currently surcharge must absorb the full cost themselves.
The RBA is reducing the costs to accept payments — but merchants still carry ongoing acceptance costs.
Pyng remains transaction fee free. By using the NPP, we avoid costly networks such as Mastercard and Visa. This allows us to offer the lowest possible cost of acceptance to small businesses
Australia's RBA-backed infrastructure. No Visa, no Mastercard, no interchange. Direct bank-to-bank means nothing to charge fees on.
Money hits your bank account in seconds, not days. No holding periods, no overnight batches. Your cashflow, your control.
Bank-to-bank payments are final. No card fraud, no dispute process, no chargeback risk eating into your margin.
Launch punch cards and cashback rewards in minutes. Keep customers coming back — at absolutely no extra cost.
Join hundreds of Australian businesses already on Pyng. Apply in minutes.
Apply now - it's free