Domestic interchange fees

Interest rates and fees are current as at 22 October 2020 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%
Tokenised Contactless
0.50%
Contactless (excluding Commercial Cards)
0.50%
Government & Utilities
0.70%
Petroleum
0.60%
Education & Learning
0.80%
Recurring Payments Tokenised 0.80%
Recurring Payments Others
1.10%
Commercial
2.10%
Tokenised Online
1.40%
Consumer Super Premium 1 Card Present
2.00%
Consumer Super Premium 1 Card Not Present
2.25%
Consumer Premium Card Present
1.85%
Consumer Premium Card Not Present
2.10%
Consumer Standard Card Present
0.85%
Consumer Standard Card Not Present
1.65%

 

Mastercard domestic interchange fees - Consumer debit products
Fee programmeRate
Charities
0.00%
Contactless Micropayment (< =NZD 15)
0.20%
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%
Tokenised contactless
0.20%
Contactless
0.20%
Consumer Card Present
0.15%
Government & Utilities
0.50%
Petroleum
0.50%
Recurring Payments Tokenised
0.60%
Recurring Payments Others
0.90%
Tokenised Online
1.00%
Consumer Card Not Present
1.25%

 

Mastercard domestic interchange fees - Consumer prepaid products
Fee programmeRate
Charities
0.00%
Contactless Micropayment (< =NZD 15)
0.20%
Strategic Merchant 1 - Prepaid
0.40%
Strategic Merchant 2 - Prepaid
0.40%
Strategic Merchant 3 - Prepaid
0.40%
Strategic Merchant 4   0.90%
Strategic Merchant 5   1.10%
Contactless   0.20%
Government & Utilities
0.50%
Petroleum
0.50%
Recurring Payments Tokenised
0.70%
Recurring Payments Others
0.70%
Tokenised Contactless
0.20%
Commercial Prepaid
1.50%
Tokenised Online
1.00%
Consumer Card Present
0.50%
Consumer Card Not Present
1.25%

 

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
0.65%
Platinum Contactless
1.45%
Signature Contactless
1.57%

 

 

 

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.