Chanticleer · Inside the Firmus fiasco, surcharge ban goes bad & French bond bin fire
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estimated the annual cost of merchant and other fees if they continue accepting credit-card payments
$200 million per year
“The Treasurer acted really swiftly to provide transitional funding so that the ATO can continue accepting credit card transactions until the end of the financial year.”
“Increase withholding… or make an estimated quarterly payment… fourth quarter estimated payment deadline for 2026 is Jan 15 2027”
“There'll be a small monthly fee, but if they don't have the money, then they'll go through a nonprofit and we'll provide it to them at zero cost”
“Each one of those things costs $365,000 plus other fees. So you want to do a thousand of them, that's $365 million plus all the cost of the pods.”
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