Episode Details

This is the first episode of our daily news podcast, to follow and get your updates throughout the day search 'The Summary' in your podcast app, and tap the follow button. The Summary, a podcast that keeps you connected to what matters, and why.

In this episode - Credit card surcharges have officially been scrapped with promises of saving consumers millions each year. But as society moves closer to becoming cashless, will axing these fees truly lower prices or force businesses to raise costs elsewhere? In this episode of The Summary, host Josh Bryant explores the true impact on consumer wallets and small businesses. Featuring Swinburne University Professor Steve Worthington and Restaurant and Catering Industry Association Chief Executive John Hart, this episode breaks down why surcharges were banned, whether bank fees will actually disappear, the squeeze on small business owners' payment bargaining power, and if cash discounts will become the new normal. 

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