Scheme Fees and Interchange

Scheme Fees

eftpos charges a Scheme Fee to both Issuers and Acquirers for each eftpos transaction (as defined in the eftpos Scheme Rules). eftpos will notify eftpos Members of any changes to the Scheme Fee.

Scheme Fees enable eftpos to invest in new products and services.

The eftpos Scheme Fees are listed in the table below.

Effective Date Total Per Transaction Scheme Fee Applicable To
1 July 2016 1.5c Issuers and Acquirers


Interchange Fees

Interchange Fees are payable between the retailer (known as a self-Acquirer) or the retailers’ financial institution (known as the Acquirer) and the cardholder’s bank or financial institution (known as the Issuer).

From 1 November 2016 the following rates will be effective. These rates:
• Create a simple regime to underpin and strengthen eftpos’ competitiveness, and
• Support investment in key enhancements to eftpos products.

The rates support initiatives designed to:
• Increase eftpos functionality, and
• Enhance digital payments security.

For more information see Interchange Fee Principles.

Schedule of Interchange Rates

The following Multilateral Interchange rates are prescribed by eftpos pursuant to Clause 33 of the Scheme Rules from 1 November 2016.

*Interchange Fees are not payable for Refunds, Declines and Pre-Authorisations. Electronic and Paper Fallback transactions attract an Interchange Fee at the applicable purchase rate.