In May 2016 the Reserve Bank of Australia (RBA) released a set of card payment standards, relating to surcharging, payments to Issuers and the setting of Interchange fees by payment systems. Those standards require that any surcharging is limited to the cost of acceptance of the particular payment method. Merchants should discuss this with their Acquirers. However, to enable merchants to identify cards that have eftpos functionality and understand the cost of acceptance for their Acquirer of eftpos Transactions, eftpos publishes:
- Below a list of Bank Identification Numbers (BINs) used in the eftpos Payment System; and
- The interchange fees and scheme fees applicable to eftpos Transactions.
As eftpos is a debit only scheme, all eftpos transactions performed using form factors issued under these BINs are debit transactions, and as such for the purposes of the eftpos Payment System should be considered debit BINs.
Please note, as identified in the BIN list provided, a subset of these BINs are used for the issuance of prepaid debit cards.