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Starting from October, credit card surcharges are banned in Australia.

https://www.rba.gov.au/payments-and-infrastructure/review-of...

Would the business apply the proposed 2% APR on the time it takes any refunds to arrive in the spirit of being fair?

They are legal in most of the US and usually limited to cost recovery for the merchant fee (3-4%).

If a business can support pay by bank via instant payments, that is a cheaper, almost instant option. With that said, Stripe is the least amount of friction for accepting payments online until the merchant fees become painful at scale.

Why is it illegal?

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