Interchange

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).

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 25 April 2018.

From 1 July 2018 the following rates were effective.

Notes:
Interchange Fees are not payable for Refunds and Declines.

Electronic and Paper Fallback transactions attract an Interchange Fee at the applicable Purchase rate.

Digital transaction – A transaction performed using a merchant website or mobile application, rather than a POS terminal

Cashout – A transaction where the cardholder receives cash (Australian notes or coins) from a merchant, either as a standalone transaction, or combined with the purchase of goods or services.

 

From 1 April 2019 the following rates were effective.

Schedule of Interchange Rates

The following Multilateral Interchange rates are prescribed by eftpos pursuant to Clause 33 of the Scheme Rules from 1 April 2019 unless otherwise indicated below.

* effective from 1 July 2019
# until the date notified by eftpos for Standard with CNP transactions
** from date as notified by eftpos

 Notes:
Capitalised terms used in the definitions are defined in the eftpos Scheme Rules.

Interchange Fees are not payable for Refunds and Declines.

Electronic and Paper Fallback transactions attract an Interchange Fee at the applicable Purchase rate.

Digital transaction – A transaction performed using a Merchant website or mobile application, rather than a POS terminal.

Cashout – Has the meaning in the rules and for clarity is a transaction where the cardholder receives cash (Australian notes or coins) from a merchant, either as a standalone transaction, or combined with the purchase of goods or services.

CNP – Card Not Present transactions.