The reform, driven by the Reserve Bank of Australia, comes into effect on Thursday, when anyone paying with a debit or credit card will be spared the surprise of extra charges at the till. Under the new rules, retailers must either absorb the cost or build it into their prices. But they could also offer a discount for cash or payment services such as PayID, which some experts think could lead to savings of up to 10 per cent off the transaction price. Cash advocate Steve Worthington says it can't come soon enough, after the Australian Competition and Consumer Commission earlier in September confirmed it would be legal for businesses to offer discounts from their displayed prices. 'I suspect a number of merchants will start to do that, to offer a discount for cash,' the Swinburne University of Technology professor and payments systems expert told AAP. More at link in bio 🔗 #australia #cash #shopping #bank #fyp