13/10/2026
💳 **Important Update – Merchant Fees & Card Payments**
From **1 October 2026**, Australian businesses can no longer pass on card payment surcharges to customers for eftpos, Visa and Mastercard payments.
**What does this mean for your business?**
âś… Your business will now need to absorb merchant processing fees.
âś… Customers will pay the advertised price without an additional card surcharge.
âś… Merchant settlements may be deposited into your bank account **less processing fees**, depending on your provider.
âś… Reconciling customer invoices in Xero may require some changes, particularly when multiple payments are received in one settlement.
đź’ˇ **Our tip:** Check how your EFTPOS or merchant provider is processing fees and make sure you can access detailed settlement reports.
At **Avanti Business Solutions**, we're here to help our clients navigate these changes and keep their Xero accounts reconciled correctly.
đź“© Have questions? Get in touch with our team!