June 2021 - What’s changing?
Mastercard are making changes to Interchange Rates - introducing several new rates on credit cards and amending several rates on debit and pre-paid cards. These changes are effective 17 July 2021.
New rates
| Credit card type | Transaction type | Ex. GST | Inc. GST |
|---|---|---|---|
Consumer Super Premium Rewards |
Transaction type Tokenised contactless |
Ex. GST 0.80% |
Inc. GST 0.88% |
Consumer Super Premium Rewards |
Transaction type Other card present |
Ex. GST 0.80% |
Inc. GST 0.88% |
Consumer Super Premium Rewards |
Transaction type Tokenised online |
Ex. GST 0.80% |
Inc. GST 0.88% |
Consumer Super Premium Rewards |
Transaction type Other card not present |
Ex. GST 0.80% |
Inc. GST 0.88% |
Shop Split – Premium |
Transaction type Tokenised contactless |
Ex. GST 0.80% |
Inc. GST 0.88% |
Shop & Split – Premium |
Transaction type Other card present |
Ex. GST 0.80% |
Inc. GST 0.88% |
Shop & Split – Premium |
Transaction type Tokenised online |
Ex. GST 0.80% |
Inc. GST 0.88% |
Shop & Split – Premium |
Transaction type Other card not present |
Ex. GST 0.80% |
Inc. GST 0.88% |
Shop & Split – Standard |
Transaction type Tokenised contactless |
Ex. GST 0.50% |
Inc. GST 0.55% |
Shop & Split – Standard |
Transaction type Other card present |
Ex. GST 0.50% |
Inc. GST 0.55% |
Shop & Split – Standard |
Transaction type Tokenised online |
Ex. GST 0.50% |
Inc. GST 0.55% |
Shop & Split – Standard |
Transaction type Other card not present |
Ex. GST 0.50% |
Inc. GST 0.55% |
Strategic Merchants 4 |
Transaction type - |
Ex. GST 0.35% |
Inc. GST 0.38% |
Amended rates
| Debit card type | Transaction type | Ex. GST | Inc. GST |
|---|---|---|---|
Strategic Merchants 5 |
Transaction type Debit |
Ex. GST 0.08c |
Inc. GST 0.088c |
Strategic Merchants 6 |
Transaction type Debit |
Ex. GST 0.10c |
Inc. GST 0.110c |
| Prepaid card type | Transaction type | Ex. GST | Inc. GST |
|---|---|---|---|
Strategic Merchants 5 |
Transaction type Debit |
Ex. GST 0.08c |
Inc. GST 0.088c |
Strategic Merchants 6 |
Transaction type Debit |
Ex. GST 0.10c |
Inc. GST 0.110c |
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.
More information about interchange fees
Interchange fees information is published by Mastercard online. You can find these rates at Mastercard interchange, opens in new window.
Want to know more?
Visit our interchange categories definitions page for more information.
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