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