July 2022 – What’s changing?
Mastercard is making changes to their Interchange rates. This change is effective 16th July 2022 and covers selected dual and single network debit and prepaid cards.
New rates
Mastercard Dual Network Debit Card
| Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|
Tokenized Contactless Dual Network |
Transaction type Low Value (less than or equal to AUD 15) |
Ex. GST AUD 0.050 |
Inc. GST AUD 0.055 |
Tokenised Contactless Dual Network |
Transaction type Other (greater than AUD 15) |
Ex. GST AUD 0.100 |
Inc. GST AUD 0.110 |
Dual Network Debit Card |
Transaction type Small Business Program |
Ex. GST AUD 0.030 |
Inc. GST AUD 0.033 |
Dual Network Debit Card |
Transaction type Tokenized Recurring |
Ex. GST AUD 0.040 |
Inc. GST AUD 0.044 |
Dual Network Debit Card |
Transaction type Recurring Payment |
Ex. GST AUD 0.060 |
Inc. GST AUD 0.066 |
Dual Network Debit Card |
Transaction type Tokenized Online |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Mastercard Single Network Debit Card
| Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|
Single Network Debit Card |
Transaction type Small Business Program |
Ex. GST AUD 0.030 |
Inc. GST AUD 0.033 |
Single Network Debit Card |
Transaction type Bill Payment Program |
Ex. GST AUD 0.100 |
Inc. GST AUD 0.110 |
Single Network Debit Card |
Transaction type Transit Contactless |
Ex. GST AUD 0.060 |
Inc. GST AUD 0.060 |
Tokenized Contactless Single Network |
Transaction type Low Value (less than or equal to AUD 15) |
Ex. GST AUD 0.100 |
Inc. GST AUD 0.110 |
Tokenized Contactless Single Network |
Transaction type Other (greater than AUD 15) |
Ex. GST AUD 0.100 |
Inc. GST AUD 0.110 |
Single Network Debit Card |
Transaction type Other Card Present: Standard |
Ex. GST AUD 0.080 |
Inc. GST AUD 0.088 |
Single Network Debit Card |
Transaction type Other Card Present: Premium |
Ex. GST AUD 0.010 |
Inc. GST AUD 0.110 |
Single Network Debit Card |
Transaction type Other Card Present: Commercial |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Single Network Debit Card |
Transaction type Tokenized Online |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Single Network Debit Card |
Transaction type Other Card Not Present: Standard |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Single Network Debit Card |
Transaction type Other Card Not Present: Premium |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Single Network Debit Card |
Transaction type Other Card Not Present: Commercial |
Ex. GST AUD 0.000 |
Inc. GST AUD 0.000 |
Prepaid Mastercard
| Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|
Prepaid |
Transaction type Small Business Program |
Ex. GST AUD 0.030 |
Inc. GST AUD 0.033 |
What does this mean for you?
Interchange Rate structure changes impact only Interchange Plus pricing merchants. Your cost of accepting payments via these card types may also change.
What do you need to do?
You don’t need to make any changes. The interchange fee will automatically be applied to Mastercard transactions after the implementation date advised above. Your July statement will reflect this change.
How this affects your cost of acceptance?
Depending on the card mix your business accepts, you could see an impact to your cost of acceptance.
The new interchange rates will be applied to your merchant statements and will show your cost of acceptance based on the new rates.
Where can you find out more about interchange fees?
Interchange fees information is published by Visa and Mastercard online.
These rates can be found at:
Mastercard interchange, opens in new window
VISA interchange, opens in new window
Want to know more?
Visit our interchange categories definitions page for more information.
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