Surcharges on credit or debit card transactions will be banned in Australia from October 1, reportedly saving Australians $1.6 billion a year.

But 3AW host Heidi Murphy was not so sure that this change would actually result in cheaper prices at the till.

Press PLAY to hear her explain why she is sceptical about the surcharge ban

“All week we’ve been getting notifications about businesses, messages about costs that are going up today because of this change,” she said.

Image: iStock