article_snippet: ’ Tom Godfrey said excessive credit card charges are costing Australian’s over a billion dollars a year, with some of the ‘worst offenders’ being Qantas, Jetstar, Virgin and Tiger.
article_snippet: Mr Bartosch said prices are 'misleading' and not an accurate reflection of what businesses are actually paying to use credit cards. '
article_snippet: businesses are just plucking these figures from businesses backsides to rip of consumers,' Mr Bartosch told Daily Mail Australia.
article_snippet: CHOICE recently released a report that shows merchants are only paying around 0.8 per cent for Visa and Mastercard and 2 per cent for prestige cards like America Express and Diners Club.
article_snippet: According to the latest research data made available by Mastercard, Australian consumers are being surcharged about $1.6 billion each year.
article_snippet: Mr Bartosch believes these numbers prove that Australian's are facing excessive surcharges and that companies 'can not be trusted to self regulate'.