As the credit card surcharge ban comes into effect, payment expert Brad Kelly told 6PR Breakfast hosts Millsy and Karl that surcharges and merchant fees should not be conflated – and it is those very merchant fees that mean punters may not notice a benefit.

Press PLAY to hear Brad Kelly discuss credit card surcharges and merchant fees

“Those merchant fees were supposed to have come down because of another thing that the Reserve Bank reduced, which was called interchange. But what we saw as of yesterday is the likes of Square decided not to pass those savings on”, Kelly said.

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