Domestic interchange fees
Interest rates and fees are current as at 17 February 2019 and are subject to change without notice. Some other service fees may apply from time to time.
- Mastercard - Consumer credit & commercial products
- Mastercard - Consumer debit products
- Mastercard - Consumer prepaid products
- Visa - Consumer credit products
- Visa - Consumer debit products
- Visa - Consumer prepaid products
| MasterCard domestic interchange fees - Consumer credit and commercial products | |
| Fee programme | Rate |
|---|---|
| Charities |
0.00% |
| Strategic Merchant 1 |
0.50% |
| Strategic Merchant 2 |
0.60% |
| Strategic Merchant 3 |
0.70% |
| PayPass (excluding Commercial Cards) |
0.50% |
| Utilities |
0.70% |
| Petroleum |
0.60% |
| Education |
0.80% |
| Recurring Payments |
0.70% |
| Secure Code - Merchants |
1.00% |
| Secure Code - Full UCAF |
1.20% |
| Consumer Elite |
2.05% |
| Consumer Super Premium 1 |
2.05% |
| Consumer Super Premium 2 |
1.90% |
| Consumer Premium |
1.90% |
| Commercial |
2.00% |
| Consumer Electronic |
1.00% |
| Consumer Standard |
1.40% |
| MasterCard domestic interchange fees - Consumer debit products | |
| Fee programme | Rate |
|---|---|
| Charities |
0.00% |
| PayPass Micropayment (< =NZD 15) |
NZD $0.004 |
| Contactless Strategic Merchant 1 |
NZD $0.060 |
| Contactless Strategic Merchant 2 |
NZD $0.100 |
| Strategic Merchant 1 - Debit |
0.30% |
| Strategic Merchant 2 - Debit |
0.35% |
| Strategic Merchant 3 - Debit |
0.40% |
| PayPass |
0.40% |
| Government & Utilities |
0.50% |
| Petroleum |
0.50% |
| Recurring Payments |
0.70% |
| Secure Code - Merchants |
1.00% |
| Secure Code - Full UCAF |
1.20% |
| Consumer Electronic |
0.50% |
| Consumer Standard |
1.30% |
| MasterCard domestic interchange fees - Consumer prepaid products | |
| Fee programme | Rate |
|---|---|
| Charities |
0.00% |
| PayPass Micropayment (< =NZD 15) |
NZD $0.004 |
| Strategic Merchant 1 - Prepaid |
0.40% |
| Strategic Merchant 2 - Prepaid |
0.40% |
| Strategic Merchant 3 - Prepaid |
0.40% |
| PayPass |
0.40% |
| Government & Utilities |
0.50% |
| Petroleum |
0.50% |
| Recurring Payments |
0.70% |
| Secure Code - Merchants |
1.00% |
| Secure Code - Full UCAF |
1.20% |
| Consumer Electronic |
0.50% |
| Consumer Standard |
1.30% |
| Visa domestic interchange fees - Consumer credit products | |
| Fee programme | Rate |
|---|---|
| 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 programme | Rate |
|---|---|
| Government & Utilities Standard Rate |
NZ$0.70 |
| Industry Programme - Charities |
0.39% |
| Strategic Merchant Card Present Rate 1 |
NZ$0.04 |
| Strategic Merchant Card Present Rate 2 |
NZ$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) |
1.25% |
| Visa domestic interchange fees - Consumer prepaid products | |
| Fee programme | Rate |
|---|---|
| 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.