September 2025 – What’s changing?
Visa and MasterCard are making changes to their Interchange rates. The changes are effective from 1st of September 2025 and covers selected credit and debit card types.
New Rates: Effective 1st September 2025
Visa
Domestic NNSS Credit Interchange Rates
| Credit Fee Program | Current rate (excludes GST) | Current rate (includes GST) | Updated rate (excludes GST) | Updated rate (includes GST) |
|---|---|---|---|---|
Business Signature (G1) |
Current rate (excludes GST)
0.79%
|
Current rate (includes GST)
0.869% |
Updated rate (excludes GST)
0.78% |
Updated rate (includes GST)
0.858% |
Industry Fee Program – Government |
Current rate (excludes GST)
0.20% |
Current rate (includes GST)
0.220% |
Updated rate (excludes GST)
0.18% |
Updated rate (includes GST)
0.198%
|
Industry Fee Program—Education |
Current rate (excludes GST)
0.20% |
Current rate (includes GST)
0.220% |
Updated rate (excludes GST)
0.19% |
Updated rate (includes GST)
0.209% |
Recurring Payments |
Current rate (excludes GST)
0.22% |
Current rate (includes GST)
0.242% |
Updated rate (excludes GST)
0.21% |
Updated rate (includes GST)
0.231% |
Domestic NNSS Single Network Debit Interchange Rates
| Debit Fee Program | Current Rate (excludes GST) | Current rate (includes GST) | Updated rate (excludes GST) | Updated rate (includes GST) |
|---|---|---|---|---|
Standard Fee Program – Debit Rewards (N1) |
Current Rate (excludes GST)
0.14% |
Current rate (includes GST)
0.154% |
Updated rate (excludes GST)
0.13% |
Updated rate (includes GST)
0.143% |
Mastercard
Intracountry Credit Interchange Rates
Program Type |
Transaction Type | Priority |
IRD |
Ex. GST |
Inc. GST |
|---|---|---|---|---|---|
Consumer Elite |
Transaction Type
Tokenized Contactless |
Priority 15 |
IRD ET |
Ex. GST 0.700% |
Inc. GST 0.770% |
Consumer Elite |
Transaction Type
Other Card Present |
Priority 16 |
IRD EP |
Ex. GST 0.700% |
Inc. GST 0.770% |
Consumer Elite |
Transaction Type
Tokenized Online |
Priority 17 |
IRD EO |
Ex. GST 0.520% |
Inc. GST 0.572% |
Consumer Elite |
Transaction Type
Other Card Not Present |
Priority 18 |
IRD EN |
Ex. GST 0.700% |
Inc. GST 0.770% |
Consumer Super Premium Rewards |
Transaction Type
Tokenized Contactless |
Priority 19 |
IRD OT |
Ex. GST 0.670% |
Inc. GST 0.737% |
Consumer Super Premium Rewards |
Transaction Type
Other Card Present |
Priority 20 |
IRD OP |
Ex. GST 0.670% |
Inc. GST 0.737% |
Consumer Super Premium Rewards |
Transaction Type
Tokenized Online |
Priority 21 |
IRD OO |
Ex. GST 0.670% |
Inc. GST 0.737% |
Consumer Super Premium Rewards |
Transaction Type
Other Card Not Present |
Priority 22 |
IRD ON |
Ex. GST 0.670% |
Inc. GST 0.737% |
Strategic |
Transaction Type
Strategic Merchants 2 |
Priority 35 |
IRD L2 |
Ex. GST 0.180% |
Inc. GST 0.198% |
Strategic |
Transaction Type
Strategic Merchants 3 |
Priority 36 |
IRD L3 |
Ex. GST 0.210% |
Inc. GST 0.231% |
Strategic |
Transaction Type
Strategic Merchants 4 |
Priority 37 |
IRD L4 |
Ex. GST 0.280% |
Inc. GST 0.308% |
Small Business Program |
Transaction Type
Card Present |
Priority 39 |
IRD MB |
Ex. GST 0.280% |
Inc. GST 0.308% |
Small Business Program |
Transaction Type
Card Not Present
|
Priority 40 |
IRD MZ |
Ex. GST 0.280% |
Inc. GST 0.308% |
Consumer Super Premium |
Transaction Type
Tokenized Contactless
|
Priority 41 |
IRD WT |
Ex. GST 0.760% |
Inc. GST 0.836% |
Consumer Super Premium |
Transaction Type
Other Card Present
|
Priority 42 |
IRD WP |
Ex. GST 0.730% |
Inc. GST 0.803% |
Consumer Super Premium |
Transaction Type
Tokenized Online
|
Priority 43 |
IRD WO |
Ex. GST 0.590% |
Inc. GST 0.649% |
Consumer Super Premium |
Transaction Type
Other Card Not Present
|
Priority 44 |
IRD WN |
Ex. GST 0.760% |
Inc. GST 0.836% |
Commercial |
Transaction Type
Tokenized Contactless |
Priority 45 |
IRD XT |
Ex. GST 0.690% |
Inc. GST 0.759% |
Commercial |
Transaction Type
Other Card Present |
Priority 46 |
IRD XP |
Ex. GST 0.590% |
Inc. GST 0.649% |
Commercial |
Transaction Type
Tokenized Online |
Priority 47 |
IRD XO |
Ex. GST 0.440% |
Inc. GST 0.484% |
Commercial |
Transaction Type
Other Card Not Present |
Priority 48 |
IRD XN |
Ex. GST 0.580% |
Inc. GST 0.638% |
Government Services |
Transaction Type
Utilities, and Insurance
|
Priority 50 |
IRD GU |
Ex. GST 0.190% |
Inc. GST 0.209% |
Consumer Premium |
Transaction Type
High Spend, Tokenized Contactless
|
Priority 52 |
IRD PT |
Ex. GST 0.680% |
Inc. GST 0.748% |
Consumer Premium |
Transaction Type
High Spend, Other Card Present
|
Priority 53 |
IRD PP |
Ex. GST 0.580% |
Inc. GST 0.638% |
Consumer Premium |
Transaction Type
Tokenized Contactless
|
Priority 60 |
IRD PT |
Ex. GST 0.280% |
Inc. GST 0.308% |
Consumer Premium |
Transaction Type
Other Card Present
|
Priority 61 |
IRD PP |
Ex. GST 0.280% |
Inc. GST 0.308% |
Consumer Premium |
Transaction Type
Tokenized Online
|
Priority 62 |
IRD PO |
Ex. GST 0.280% |
Inc. GST 0.308% |
Consumer Premium |
Transaction Type
Other Card Not Present
|
Priority 63 |
IRD PN |
Ex. GST 0.280% |
Inc. GST 0.308% |
Consumer Standard |
Transaction Type
Tokenized Contactless
|
Priority 64 |
IRD DT |
Ex. GST 0.190% |
Inc. GST 0.209% |
Consumer Standard |
Transaction Type
Other Card Present
|
Priority 65 |
IRD DP |
Ex. GST 0.190% |
Inc. GST 0.209% |
Consumer Standard |
Transaction Type
Tokenized Online
|
Priority 66 |
IRD DO |
Ex. GST 0.190% |
Inc. GST 0.209% |
Consumer Standard |
Transaction Type
Other Card Not Present
|
Priority 67 |
IRD DN |
Ex. GST 0.190% |
Inc. GST 0.209% |
Intracountry Single Network Debit Rates
Program Type |
Transaction Type |
Priority |
IRD |
Ex. GST |
Inc. GST |
|---|---|---|---|---|---|
Premium |
Transaction Type Other Card Present |
Priority 17 |
IRD CM |
Ex. GST 0.090% |
Inc. GST 0.099% |
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 respective Visa and MasterCard transactions after the implementation dates advised above. Your September 2025 statements 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 online and information is due to be updated from the day the changes come into effect.
These rates can be found at:
Want to know more?
Visit our interchange categories definitions page for more information.
Get in touch
Contact us
Explore our business banking contact information and get support with a wide range of products, services and topics.
Visit a NAB branch
Our business bankers are located all around Australia.
Important information
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.