Domestic interchange fees

Interest rates and fees are current as at 24 October 2019 and are subject to change without notice. Some other service fees may apply from time to time.

Interchange is the fee that the cardholder’s bank (the “Issuer”) charges for the provision of card payment services, this can include card holder services, reward schemes, processing costs and fraud protection. The fee is charged to the financial institution that processes card transactions on behalf of a merchant (the “acquirer”). This is a variable fee set by the card schemes. Find out more here.

 

Mastercard domestic interchange fees - Consumer credit and commercial products
Fee programmeRate
Charities
0.00%
Strategic Merchant 1
0.50%
Strategic Merchant 2
0.60%
Strategic Merchant 3
0.70%
Strategic Merchant 4
1.10%
Strategic Merchant 5
1.50%
Contactless (excluding Commercial Cards)
0.50%
Government & Utilities
0.70%
Petroleum
0.60%
Education & Learning
0.80%
Recurring Payments
0.90%
Consumer Super Premium 1
2.05%
Consumer Premium
1.90%
Commercial
2.10%
Consumer Electronic
0.90%
 Consumer Standard
 
 1.65%

 

Mastercard domestic interchange fees - Consumer debit products
Fee programmeRate
Charities
0.00%
Contactless Micropayment (< =NZD 15)
NZD $0.004
Contactless Strategic Merchant 1
NZD $0.060
Contactless Strategic Merchant 2
NZD $0.100
Strategic Merchant 1
0.30%
Strategic Merchant 2
0.35%
Strategic Merchant 3
0.40%
Strategic Merchant 4
0.90%
Strategic Merchant 5
1.10%
Contactless
0.40%
Government & Utilities
0.50%
Petroleum
0.50%
Recurring Payments
0.70%
Consumer Electronic Debit
0.50%
Consumer Standard Debit
1.25%

 

Mastercard domestic interchange fees - Consumer prepaid products
Fee programmeRate
Charities
0.00%
Contactless Micropayment (< =NZD 15)
NZD $0.004
Strategic Merchant 1 - Prepaid
0.40%
Strategic Merchant 2 - Prepaid
0.40%
Strategic Merchant 3 - Prepaid
0.40%
Contactless
0.40%
Government & Utilities
0.50%
Petroleum
0.50%
Recurring Payments
0.70%
SecureCode - Merchant UCAF
1.00%
SecureCode - Full UCAF
1.20%
Commercial Prepaid
1.50%
Consumer Electronic Prepaid
0.50%
Consumer Standard Prepaid
1.30%

 

Visa domestic interchange fees - Consumer credit products
Fee programmeRate
Industry Programme - Government & Utilities
NZ$0.70
Industry Programme - Insurance
NZ$1.00
Industry Programme - Charities
0.39%
Industry Programme - Recurring Payment
0.70%
Strategic Merchant 1
0.50%
Strategic Merchant 2
0.55%
Strategic Merchant 3
0.60%
Strategic Merchant 4
0.70%
Strategic Merchant 5
0.80%
Strategic Merchant 6
0.98%
Electronic
0.85%
Standard
1.25%
Platinum Electronic Credit
1.85%
 Platinum Standard Credit
1.85%
 Signature Electronic Credit
1.97%
 Signature Standard Credit
1.97%
Classic/Gold Contactless
0.85%
Platinum Contactless
1.45%
Signature Contactless
1.57%

 

Visa domestic interchange fees - Consumer debit products
Fee programmeRate
Government & Utilities Standard Rate
NZ$0.70
Industry Programme - Charities
0.39%
Strategic Merchant Card Present Rate 1
NZ$0.02
Strategic Merchant Card Present Rate 2
NZ$0.03
Card Present Rate 3 
$0.04
Strategic Merchant Card Present Rate 4
$0.05
Strategic Merchant CNP rate 1
0.50%
Strategic Merchant CNP rate 2
0.55%
Strategic Merchant CNP rate 3
0.60%
Strategic Merchant CNP rate 4
0.70%
Strategic Merchant CNP rate 5
0.80%
Strategic Merchant CNP rate 6
0.98%
Insurance Standard Rate
NZ$1.00
Recurring Payment Standard Rate
0.70%
Electronic
0.30%
Standard Rate (Card Not Present & Paper)
1.10%

 

 

Visa domestic interchange fees - Consumer prepaid products
Fee programmeRate
Strategic Merchant - Card Present rate
0.39%
Strategic Merchant - CNP rate 1
0.50%
Strategic Merchant - CNP rate 2
0.55%
Strategic Merchant - CNP rate 3
0.60%
Strategic Merchant - CNP rate 4
0.70%
Strategic Merchant - CNP rate 5
0.80%
Strategic Merchant - CNP rate 6
0.98%
Industry Programme - Charities
0.39%
Industry Programme - Government & Utilities
NZ$0.70
Industry Programme - Insurance
NZ$1.00
Recurring Payment
0.70%
Electronic
0.60%
Standard Rate (Card Not Present & Paper)
1.25%

Find out about domestic interchange fees here.