The Commerce and Consumer Affairs Minister is not sharing the same fears as retailers over the surcharge ban.

Scott Simpson says the legislation banning surcharges like PayWave is before the Select Committee and will be in place by next year. 

36 business associations have written a letter warning the ban could be passed on through increased prices.

Simpson says a lot of businesses don't use surcharges - so won't be impacted or need to raise prices.

"The ones that choose to add that pricing in will be actually competitively constrained in the marketplace by those businesses that choose not to do so."

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