Some Queensland businesses consider reverting to cash only

A recent survey of Queensland businesses indicates that a portion of merchants are contemplating a shift to cash‑only transactions. The consideration follows the introduction of a ban on credit‑card surcharges, which has altered the cost structure for retailers that previously passed processing fees onto customers.

The survey findings suggest that the removal of surcharge allowances has prompted some operators to reassess the viability of accepting electronic payments. Business owners cited the potential loss of revenue from processing fees as a factor influencing their evaluation of cash‑only policies.

While the survey does not specify the exact proportion of businesses that may adopt a cash‑only model, it highlights that the issue is being actively discussed among merchants across the state. The move would represent a reversal of the broader trend toward digital payments that has characterized recent years.

Industry observers note that a shift to cash only could have implications for both consumers and the broader economy, particularly in terms of convenience and transaction speed. However, the survey does not provide detailed analysis of these potential effects.

The discussion remains ongoing, with businesses weighing the financial impact of the surcharge ban against the operational considerations of limiting payment options. No definitive decisions have been reported at this stage.