Minimum spends should just be flat out banned, end of story.

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It's the government's fault LOL. business.gov.au says:

Make sure EFTPOS payments don't make a loss
EFTPOS providers often charge transaction fees. Make sure you are not making a loss when you sell items by EFTPOS. For example, you could charge extra for EFTPOS or have a minimum purchase amount to make sure you're not making a loss.

source: https://www.business.gov.au/info/run/finance-and-accounting/accounting/payments-and-invoicing/eftpos-payments

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Government should take over eftpos payment system and provide them free of charge to the merchant. That would be a proper way of doing it. Smaller merchants are actually charged big fee by the banks for eftpos transactions. Years ago I have seen it with my own eyes a merchant that was charged $3.25 per eftpos transaction (this is not a typo). And I believe you can guess it, it was one of the big four. If I were to own a business in Australia that would be a bank. Nice.

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Think you need to update this story with the CC surcharges changes, so was min spend on eftpos made illegal.

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Hi Elvis,

We covered the ban on excessive credit card charges in September.

However, this ban does not cover EFTPOS purchase minimums.

- Money team

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