Payday lender Cash Converters estimates that 500,000 of its customers will pay more if the Government implements the recommendations of the Review of Small Amount Credit Contracts.On Monday, the Minister for Revenue and Financial Services, Kelly O'Dwyer, announced that the Government had accepted the majority of the review's recommendations, notably the call to extend protected earnings provisions.Under the current rules total SACC repayments cannot exceed 20 per cent of gross income for Centrelink recipients. O'Dwyer said the cap would be reduced to ten per cent of net income each repayment period and apply to all consumers.Cash Converters said in a statement: "This change will impact around 500,000 customers who access our short-term cash advances (six-week loans). "To address their need for credit and meet the new cap, these customers would now be required to take out 12-week loans, resulting in more monthly fees and a restriction of consumer choice."The company has previously announced that it is reviewing its involvement in the small amount credit contract market. In its latest statement it said it had made a decision "to transition away from lending to lower income earners."