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Final supporters
Student card top up fee charged from mystudentaccount.com.au reaches 2.2%, which is much higher than the recommended from RBA, and even higher than general business transactions.
The RBA has said that as a guide, payments through the domestic eftpos system (used to process payments from debit cards) are usually quite low, mostly below 0.5 per cent. Accepting a Visa or MasterCard debit transaction may cost a business around 0.5 -1 per cent of the transaction value.
Credit cards usually have a higher cost for businesses, and may cost the business up to 1-1.5 per cent for Visa and MasterCard, and between 1.5-2 per cent for an American Express card payment.
Shall we do something to stop this?
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Intercharge Fee Petition
End The Overcharging of UBC
4 Comments
Total scam. 2.2% is way too high. We already pay enough for everything at uni and now this on top??
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Private school parents not a bank! So easy to get robbed!
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
Student card top up fee charged from mystudentaccount.com.au reaches 2.2%, which is much higher than the recommended from RBA, and even higher than general business transactions.
The RBA has said that as a guide, payments through the domestic eftpos system (used to process payments from debit cards) are usually quite low, mostly below 0.5 per cent. Accepting a Visa or MasterCard debit transaction may cost a business around 0.5 -1 per cent of the transaction value.
Credit cards usually have a higher cost for businesses, and may cost the business up to 1-1.5 per cent for Visa and MasterCard, and between 1.5-2 per cent for an American Express card payment.
Shall we do something to stop this?
4 Comments
Ridiculous fee just to add money to my own account. They are basically profiting off students every time we eat. Stop the daylight robbery.
Total scam. 2.2% is way too high. We already pay enough for everything at uni and now this on top??
Support it
Private school parents not a bank! So easy to get robbed!
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Ridiculous fee just to add money to my own account. They are basically profiting off students every time we eat. Stop the daylight robbery.