Interchange rates change twice a year – in April and October. For example, electronic payments have revolutionised welfare payments systems, Electronic payments help safeguard against waste, fraud and abuse. Amex is a popular card used by customers around the world. Consumer Credit volume of USD 75 million settled through GCMS that qualified for the Convenience Purchases interchange rate programs, (2) 60% of Mastercard Consumer Credit transactions are USD 20 or lower, (3) Merchant must offer Mastercard prepaid products (gift or reloadable), (4) Provide acceptance message at the point-of-sale (POS) AND (5) Not a tiered merchant for Consumer Credit … Click to view or download the Current Rates PDF > Upcoming Rates. Mastercard American Express Discover Visa Accepting American Express Payments. Business benefits in many ways as a result of interchange including reducing the significant costs associated with counting, safeguarding and transporting cash and limiting the losses that occur when cash received is lost or stolen. Available for all Card Present transactions on Standard products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Strategic Merchants, Transit Contactless and/or Tokenized Contactless. Available for all domestic card not present credit transactions not qualifying for any other interchange category. Mastercard reserves … Currently available to card present and card not present transactions of merchants and/or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants 1 and/or Strategic Merchants 2. Applicable to Cashback component of transaction only. Tokenised Online transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Customers using Amex tend to make larger purchases, with many Amex cards used for business and corporate purchases. Available for Tokenised Online transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart. Available for Commercial Tokenized Online transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite and/or Consumer Super Premium. Studies show that consumers spend more when they use cards and merchants make more money when they accept cards. Tokenized Contactless transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Enquiries regarding interchange fees should be directed to Mastercard Worldwide at (02) 9466 3700. Pricing Team Marketing Team ITABLE 08/2016 Update Aug-2016 Update to Secure and Non-Secure Fee Tiers For Visa UK Domestic cards and introduction of Secure and Non-Secure Fee Tiers … Muse Mastercard™ – A Mastercard® product carrying the Mastercard® Muse branding and mandatory requirements, and designed for cardholders who meet certain spending and income requirements. Available for all Card Present transactions on Standard products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. Merchants who accept cards also receive the most important commercial benefit:  they increase sales. Mastercard sets default interchange rates in order to maximize the value and benefits that payment system participants – including cardholders and merchants - receive from the Mastercard network. Currently available to card present and card not present transactions of merchants and / or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants 1. Available for Consumer Platinum card present transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum, Consumer Premium - High Spend and/or Consumer Premium - Tokenized Contactless. Available for all Card Not Present transactions on Premium products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Strategic Merchants and/or Tokenised Online. Download Current Fees. Available for Commercial card present transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium and/or Commercial - Tokenized Contactless. As previously announced, Mastercard entered into new a voluntary commitment with the Government of Canada to lower its annual average effective interchange rate to 1.4 per cent. Available for Consumer Standard Tokenized Contactless transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum, Consumer Premium - High Spend and/or Consumer Premium. Available for qualifying Consumer Platinum Product Portfolio card not present transactions that meet certain criteria (determined at the sole discretion of Mastercard and consistently applied in the Australian market), except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum and/or Consumer Premium - High Spend - Tokenized Online. Intracountry Credit POS interchange rates and Qualifying criteria for Credit, Intracountry Debit POS interchange rates and Qualifying criteria for Debit, Intracountry Prepaid POS interchange rates and Qualifying criteria for Prepaid, Commercial Executive - Tokenized Contactless, Commercial Executive - Other Card Present, Commercial Executive - Other Card Not Present, Consumer Super Premium - Tokenized Contactless, Consumer Super Premium - Other Card Present, Consumer Super Premium - Tokenized Online, Consumer Super Premium - Other Card Not Present, Consumer Premium - High Spend - Tokenized Contactless, Consumer Premium - High Spend - Other Card Present, Consumer Premium - High Spend - Tokenized Online, Consumer Premium - High Spend - Other Card Not Present, Consumer Premium - Other Card Not Present, Consumer Standard - Tokenized Contactless, Consumer Standard - Other Card Not Present. The Regulation on Interchange Fees for Card-based payment transactions entered into force in June 2015. Available for all Card Not Present transactions on Standard products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. Interchange also promotes credit availability for small businesses and is a key driver for financial inclusion when set at the optimal level. While its position on the interchange table ahead of World Elite suggested this, this confirms it - it will be a competitor to Visa Infinite Privilege cards. These interchange rates will apply to transactions that are not eligible for one of the segment-based interchange rates above. This most likely means rewards devaluation. Mastercard Interchange Rates - Effective as of August 1, 2020. Available for all Card Not Present transactions on Premium products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. Interchange Rates: Mastercard and Visa October 2020 . Currently available to card present and card not present transactions of merchants and / or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Strategic Merchants 1, Strategic Merchants 2, Strategic Merchants 3, Strategic Merchants 4 and/or Strategic Merchants 5. A key element of the IFR was the imposition of capped rates for interchange on consumer debit and credit cards, which took effect on 9th December 2015. Mastercard reserves the right to change these fees as it deems appropriate from time to time. Tokenized Contactless transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Available for Consumer Platinum Tokenized Online transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum and/or Consumer Premium - High Spend. Wind River Financial has studied the announced changes and summarized below those that we believe to have the most significant impact on merchant clients. Any such changes to these fees will be published on this site as required by the Standard. {{tCountry.alphaCd}}, {{cCountry.currNam}} - Tokenized Online transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. These card companies include Visa, Mastercard, AMEX, Discover. Currently available to card present and card not present transactions of merchants and / or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Strategic Merchants 1, Strategic Merchants 2 and/or Strategic Merchants 3. The Mastercard Enterprise Solutions (MES) interchange rates apply to commercial industry verticals. For a complete listing of business descriptions for each Interchange category that your sales may fall into, click on the category name below to reveal the pdf with full details. Available for Commercial Corporate Executive and Commercial Business Executive card present transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Commercial Executive - Tokenized Contactless. Available for qualifying Consumer Platinum Product Portfolio card present transactions that meet certain criteria (determined at the sole discretion of Mastercard and consistently applied in the Australian market), except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum and/or Consumer Premium - High Spend - Tokenized Contactless. This is not surprising since shoppers using cards are not limited to cash on hand but can access their funds on deposit or credit available from their banks when they make their purchasing decisions. Available for all Card Present transactions on Commercial products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. Currently available to card present and card not present transactions of merchants and/or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Commercial Executive. We continue to monitor the impact of the pandemic and related actions being taken by governments as it relates to border restrictions, social distancing measures and business operations, and the resultant impact on spending. Interchange for Interac Debit transactions is currently $0.00. American Express Interchange Rates. Available for Commercial Corporate Executive and Commercial Business Executive Tokenized Online transactions, except for transactions that would qualify for Charities and/or Mastercard Initiated Rewards. Tokenized Contactless transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. These changes will begin in May 2020 and will result in lower interchange rates for merchants across the country. Flexible interchange rates make it possible for electronic payments to deliver maximium value at the lowest cost for both merchants and consumers. Please find below Mastercard Canada’s Interchange Programs and a glossary of terms. More secure transaction types such as face to face, EMV contact or EMV contactless will have lower interchange rates than remote or card not present transactions. Mastercard Canada Consumer Credit Interchange Rates Interchange Program Core World World Elite Muse. © 1994-2020 Mastercard. Electronic payments facilitate economic activity and provide the necessary infrastructure for citizens and businesses to interact in a financial ecosystem. Mastercard sets interchange rates within limits determined by the Reserve Bank of Australia and based on the value delivered by the issuing bank as well as the benefits of accepting electronic payments. Interac Direct Payment Interchange . {{cCountry.alphaCd}}. Merchants can receive a variety of processing services from financial institutions that may be included in their merchant discount rate. Region Interchange Programs and Rates Effective April 12, 2019 U.S. Available for Consumer World Elite™ card present transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants and/or Consumer Elite - Tokenized Contactless. Available for Consumer Platinum Tokenized Contactless transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance, Petroleum and/or Consumer Premium - High Spend. While some small businesses refuse to accept Amex because of higher costs, accepting … Card Present EMV 0.92% 1.22% 1.56% 1.65% Unsecure Card Present (Mag Stripe) 1.22% 1.52% 1.86% 1.95% Digital Commerce 1.76% 2.00% 2.24% 2.39% Contactless 0.87% 1.16% 1.48% 1.57% SecureCode / 3DS … Available to the following MCCs: 5541, 5542, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless and/or Government, Utilities & Insurance. This currency converter tool provides foreign exchange rates by Mastercard to convert from the transaction currency to your card's currency for cross border purchases and ATM transactions. Available for Consumer World Elite™ Tokenized Online transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive and/or Strategic Merchants. Tokenized Contactless transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Tokenised Contactless - Low Value (<= AUD 15), Tokenised Contactless – Other (> AUD 15), Available to merchants set up with card acceptor business code (MCC) 8398 that are recognised by the Australian Taxation Office as charitable organisations. This currency converter tool provides foreign exchange rates by Mastercard to convert from the transaction currency to your card's currency for cross border purchases and ATM transactions. Transit Contactless transactions must be correctly identified using the Transit Indicator in the authorisation and clearing messages. Consumer Card Interchange Fees 4/1/2020 Payment Product Fee Tier General Government and Utilities Mastercard Consumer Credit Micro Payments (1) 0.30% 0.30% (Max €0.20) Low Value Payments (2) 0.30% 0.30% (Max €0.20) Contactless 0.30% 0.30% (Max €0.20) Chip & PIN 0.30% 0.30% (Max €0.20) Enhanced Electronic 0.30% 0.30% (Max €0.20) Merchant UCAF 0.30% 0.30% (Max €0.20) Full UCAF … It is aimed at addressing the widely varying and excessive hidden interchange fees which are an obstacle to the Single Market and a barrier to innovation. Available for all Card Present transactions on Commercial products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Strategic Merchants, Transit Contactless and/or Tokenized Contactless. Interac Direct Payment – Interchange Rate Programs . Region Mastercard Consumer Credit Rates Program Name Core (USD) Enhanced Value (USD) World (USD) World High Value (USD) World Elite (USD) Airline N/A N/A N/A 2.30% + 0.10 Charities 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 Convenience Purchases Base 1.90% + … NOTE: Due to the COVID-19 crisis, the rate changes that Visa and Mastercard were going to … Cyprus Intra-location Mastercard and Maestro POS interchange fees are detailed in the PDF document below.. Mastercard reserves the right to change the rates below at any time. Available for Consumer World card not present transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite and/or Consumer Super Premium - Tokenized Online. Available for qualifying Consumer Platinum Product Portfolio Tokenized Online transactions that meet certain criteria (determined at the sole discretion of Mastercard and consistently applied in the Australian market), except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial, Transit Contactless, Government, Utilities & Insurance and/or Petroleum. Available for all Card Present transactions on Premium products, except for transactions that would qualify for Charities, Mastercard Initiated Rewards and/or Strategic Merchants. You are about to leave the MasterCard site. Commercial Card Interchange Fees 1-Jul-20 Payment Product Fee Tier IRD General Contactless Card PC 0.75% Contactless Terminal PT 0.75% Contactless P2 0.75% Chip Terminal L2 0.75% Full Chip L1 0.75% Chip Card L3 0.75% Enhanced Electronic 84/88 0.75% Merchant UCAF 24 0.65% Full UCAF 79 0.75% Base 75/85 0.75% Purchase at ATM (1) AL 0.75% Tokenized Contactless transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Available for Commercial Tokenized Contactless transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite and/or Consumer Super Premium. Available to the following MCCs: 9211, 9222, 9223, 9311, 9399, 9402, 9405, 4812, 4813, 4814, 4816, 4821, 4899, 4900, 5960, 6300, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive, Strategic Merchants, Consumer Elite, Consumer Super Premium, Commercial and/or Transit Contactless. The Interchange Fee Regulation (IFR) took effect on the 8th June 2015. Setting interchange rates at the appropriate level also helps ensure that both issuers and acquirers deliver services that optimise the effectiveness of the payments system and spur development of innovative payment solutions. Region Mastercard Consumer Credit Rates IRD and Program Name Core (USD) Enhanced Value (USD) World (USD) World High Value (USD) World Elite (USD) Airline N/A N/A N/A 2.30% + 0.10 2.30% + 0.10 Charities 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 2.00% + 0.10 Convenience … Applicable to a Mastercard initiated transaction for earn and redemption on Pay With Rewards (PWR). Currently available to card present and card not present transactions of merchants and / or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities and/or Mastercard Initiated Rewards. On 16 July 2018, Mastercard ® announced the 2019 “Mastercard Enterprise Solutions – Freight Program Interchange Rate” interchange program and rate, which is effective from 12 April 2019. Mastercard 2019–2020 U.S. The Regulation caps the interchange fees for the most widely-used cards and imposes transparency obligations on banks and … Nov 3rd, 2020 12:48 pm Consumer Card Interchange Fees 1-Sep-20 Payment Product Fee Tier IRD General Government, Tax & Bill Payments Petrol Stations (3) Groceries (3) Transit (3) Mastercard Consumer Standard Contactless Terminal PT 1.50% 0.50% 0.70% 0.80% 0.30% Mastercard Electronic Contactless P2 1.50% 0.50% 0.70% 0.80% 0.30% Mastercard Prepaid Consumer Contactless Card PC 1.50% 0.50% 0.70% 0.80% - Mastercard … Tokenized Online transactions must be correctly identified using the Wallet Identifier in the authorisation and clearing messages. Currently available to card present and card not present transactions of merchants and/or merchant groups (as advised by Mastercard from time to time), that meet certain qualifying criteria deemed to be strategic to Mastercard, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive and/or Strategic Merchants 1. Available for Consumer World Elite™ Tokenized Contactless transactions, except for transactions that would qualify for Charities, Mastercard Initiated Rewards, Commercial Executive and/or Strategic Merchants. Government and the public sector are major beneficiaries of interchange as they utilise many different payment options including commercial cards. Not only does it allow businesses to accept their cards, it contributes to the cost of fraud prevention and pays for the interest free days on credit cards. Mastercard is an Equal Opportunity Employer. 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