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  1. Home
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  4. Interchange fee update
Last updated 01/25/2023
2 Min Read Time

Interchange fee update

Changes to Interchange charges

Revision of MC Interchange Rates between the UK and EEA countries

As of 1 January 2021, the United Kingdom (UK) is no longer part of the European Union. To reflect this change, on 23 April 2022 Mastercard are revising interchange rates for Consumer Card transactions between the UK and EEA countries, where the merchant is located in the UK, and the card is issued in an EEA country.

  • These changes are related to the fact that the UK is no longer part of the single EEA trading zone
  • These changes apply where the merchant is based in the UK
  • There will be no change for consumer card-present transactions
  • Rates for consumer card-not-present transactions will increase

Updated UK-EEA Interchange rates

Fee Type

Consumer Debit

Consumer Credit

Card-Present

0.20%

0.30%

Card-Not-Present

1.15%

1.50%

Revision of Visa UK Domestic Commercial Interchange Rates

On 23 April 2022 Visa will revise interchange rates for UK Domestic Commercial Card transactions.

Card Type

Category

Product & Interchange Tier

New Interchange Rate






Visa Business Debit


General

Contactless

0.50%

EMV Chip

0.75%

CNP

1.15%

Standard

1.15%


Me-To-Me¹

Contactless


0.30% (Capped at £1.50)

EMV Chip

CNP

Standard


Me-To-Me (Tax Payments)²

Contactless


0.30% (Capped at £0.75)

EMV Chip

CNP

Standard

 

Card Type

Category

Product & Interchange Tier

New Interchange Rate


Visa Business Credit & Deferred Debit


General

Contactless

1.35%

EMV Chip

CNP

1.65%

Standard

 


Card Type


Category


Product & Interchange Tier


New Interchange Rate


Visa Corporate & Purchasing


General

Contactless

1.55%

EMV Chip

CNP

1.85%

Standard

 

Card Type

Category

Product & Interchange Tier

New Interchange Rate






Visa Platinum & Infinite Business Debit


General

Contactless

0.75%

EMV Chip

1.00%

CNP

1.40%

Standard

1.40%


Me-To-Me¹

Contactless


0.30% (Capped at £1.50)

EMV Chip

CNP

Standard


Me-To-Me (Tax Payments)²

Contactless


0.30% (Capped at £0.75)

EMV Chip

CNP

Standard


Visa Platinum & Infinite Business Credit


General

Contactless

1.60%

EMV Chip

CNP

1.90%

Standard

¹ Applicable to all transactions in MCC 6012—Financial Institutions—Merchandise, Services and Debt Repayment; MCC 6211—Security Brokers / Dealers and MCC 9399—Government Services.

² Applicable to all transactions in MCC 9311—Tax Payments.

Impact to Customers on Interchange Plus Plus Pricing

Your pricing is made up of Interchange Plus Plus, meaning your transaction charges include these interchange fees, where applicable. These new rates will be reflected on your April 2022 invoice. Further details of the MC interchange fees can be found on their website at:

https://www.mastercard.co.uk/en-gb/vision/terms-of-use/Interchange.html https://www.visa.co.uk/about-visa/visa-in-europe/fees-and-interchange.html

 
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Global Payments is a trading name of GPUK LLP. GPUK LLP is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (504290) for the provision of payment services and under the Consumer Credit Act (714439) for the undertaking of terminal rental agreements. GPUK LLP is a limited liability partnership registered in England with company number OC337146. Registered Office: Granite House, Granite Way, Syston, Leicester, LE7 1PL. The members are Global Payments U.K. Limited and Global Payments U.K. 2 Limited. Service of any documents relating to the business will be effective if served at the Registered Office.

Global Payments is also a trading name of Pay and Shop Limited. Pay and Shop Limited is a limited company registered in Ireland with company number 324929. Registered Office: The Observatory, 7-11 Sir John Rogerson's Quay, Dublin 2, Ireland. Service of any documents relating to the business will be effective if served at the Registered Office.

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