Interchange plus pricing, sometimes written as interchange++ or IC+, is the payment processing model that established and high-growth merchants ask for by name. The premise is simple: show you exactly what every card transaction costs, then add one clear, agreed margin on top. Nothing averaged. Nothing hidden. If your business is moving to in…

For years, Australian small businesses ran on an unspoken safety net. When cash flow tightened, wages and suppliers came first; tax could wait. The ATO was treated as patient, forgiving, and slow to chase. In practice, it was a safe, ‘sure thing’ lender. That era has ended. As recently reported by Accountants Daily, the ATO is shifting to a m…

Media Release - 31st of March The Reserve Bank of Australia (RBA) has today published a Conclusions Paper which sets out the final decisions of the Payments System Board (PSB) on the Review of Merchant Card Payment Costs and Surcharging. The PSB has concluded that a package of reforms that includes removing surcharging, reducing interchange f…