Surcharges could soon be a thing of the past, but at what cost?

The Reserve Bank has propsed an end to surcharges on all credit and debit card transactions leaving consumers at risk of wearing the cost.

Australian Restaurant and Cafe Association CEO Wes Lambert believes it will lead to higher menu prices to cover those lost surcharges.

Press PLAY to hear how much you could be paying at the checkout

“If they have to absorb even 1 cent it wilkl be more than they’re paying now,” Mr Lambert told Heidi Murphy.

“They will have to raise their menu prices to cover the costs.”

Image: Supplied