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The Forum > General Discussion > RBA Warns Banks on Card Surcharges

RBA Warns Banks on Card Surcharges

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ttbn,
Cheers for that, will do the Eftpos thing from now on. I realise Banks as do I & everyone else need to make/save money, there's a huge difference between making profit & massive profit.
The increased swipe limit to $200 is another problem for those who lost their card or had it stolen.
Posted by Indyvidual, Saturday, 9 March 2024 7:47:03 AM
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Indyvidual

Eftpos refers refers to debit cards only. I imagine it would be different for credit cards where interest has to be processed etc and charged.
Posted by ttbn, Saturday, 9 March 2024 8:11:19 AM
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«Eftpos refers refers to debit cards only. I imagine it would be different for credit cards where interest has to be processed etc and charged.»

It is sad to observe how important choices are finally decided by financial gain rather than by principles.

Whichever of them you use, government and corporations can still track and increase their knowledge about you.

If you really must use magnetic cards (not to speak of even worse means of financial transactions), which increase the stronghold of computers over our lives, then at least you can use gift cards that can be purchased anonymously at Australia Post. Yes, it is more expensive because AP charges their overhead, yes it may not be as convenient due to the strict limits, but at least nobody can then track down your purchases.
Posted by Yuyutsu, Saturday, 9 March 2024 9:37:35 PM
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71% of Australians have made expensive financial mistakes because they don't listen to advice; as one expert has said, "Australians are not very financially literate. They "struggle" with financial matters.

So, it's a waste of time putting up anything about money here. I won't waste my time again.

50% are impulse buyers. So much easier without cash.

25% have never made or stuck to a budget.

No savings, or spending savings on impulse.

As for tracking and surveillance, they are helping the government with that by constant fiddling with mobile phones, which reveal where you are within a few metres.

The first basic law of human stupidity is: "Everyone always and inevitably underestimates the number of stupid people in circulation".
Posted by ttbn, Sunday, 10 March 2024 9:22:15 AM
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As for the digital surveillance opportunities offerd by a cashless society, combined with Albanese's thirst for digital ID - also ignored by Australians with their heads in the sand through fear or lack of interest - Rebekah Barnett writes:-

“The same Australian Senator who promised Covid-19 injections would be voluntary is promising that Digital ID will be voluntary. What could possibly go wrong?”

https://dailydeclaration.org.au/2024/03/08/digital-id-will-be-voluntary-the-way-covid-vaccines-were-voluntary/

She is referring to “mean girl” Katy Gallagher. Although, I seem to remember Scott Morrison saying something similar before allowing business to make it mandatory for their employees, leading to every man and his dog imposing mandatory vaccination - and getting away with it.

But, it is Gallagher, a great friend and little helper to Albanese, who is beavering away at introducing Digital ID. Go Communist China!

Like the “voluntary” vaccines, “voluntary” digital ID, if you don't volunteer, will mean you probably won't have access to certain services, including government.

The still voluntary use of the MyGov app is a case in point.

I have managed - eventually with the problems caused by old age - to get into the app. I have a MyGov account, but it is useless because I can't link it to a government department,

My tech-savvy family members can't link it; my financial adviser can't link it, and the government department employees can't link it, and just shrug it off because I can still do what I need to do by post. But for how long?

The Socialists obviously hate people; they hate old people even more.

Taking away cash, online banking, digital ID and Communist-style surveillance could well be the next big human rights issue; worse than the loss of human rights of Covid, because the atrocities planned by the Albanese government will be permanent, thanks to our uni-party system.
Posted by ttbn, Sunday, 10 March 2024 11:20:01 AM
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Aldi is now wacking on a card purchases surcharge.
Posted by ttbn, Tuesday, 12 March 2024 6:20:07 AM
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