March 2025 – What’s changing?

Visa and Mastercard are making changes to their Interchange rates. The changes are effective from 1 March 2025 and cover selected credit and debit card types.

New Rates: Effective 1 March

Visa

Domestic NNSS Credit Interchange Rates

Program type Transaction type Excludes GST Includes GST
Tokenized Online Tier 2
Transaction type
Tokenized Online
Excludes GST
0.20%
Includes GST
0.220%
Insurance
Transaction type
Insurance
Excludes GST
0.20%
Includes GST
0.220%
Classic (F), Gold (P)
Transaction type
Classic (F), Gold (P)
Excludes GST
0.20%
Includes GST
0.220%

Domestic NNSS Single Network Debit Interchange Rates

Program type Transaction type Excludes GST Includes GST
Debit Rewards (N1) – Card Present Fee Program
Transaction type
Debit Rewards (N1) – Card Present Fee Program
Excludes GST
$AUD 0.09
Includes GST
$AUD 0.099
Debit Gold (P) – Standard Fee Program
Transaction type
Debit Gold (P) – Standard Fee Program
Excludes GST
0.12%
Includes GST
0.132%
Debit Rewards (N1) – Standard Fee Program
Transaction type
Debit Rewards (N1) – Standard Fee Program
Excludes GST
0.14%
Includes GST
0.154%
Debit Business Rewards (G5) –Standard Fee Program
Transaction type
Debit Business Rewards (G5) –Standard Fee Program
Excludes GST
0.12%
Includes GST
0.132%

Mastercard

Intracountry Credit Interchange Rates

Program type Transaction type Priority IRD Excludes GST Includes GST
Consumer Super Premium
Transaction type
Tokenized Online
Priority
35
IRD
WO
Excludes GST
0.620%
Includes GST
0.682%
Consumer Super Premium
Transaction type
Other Card Not Present
Priority
36
IRD
WN
Excludes GST
0.800%
Includes GST
0.880%
Consumer Premium
Transaction type
Tokenized Contactless
Priority
48
IRD
PT
Excludes GST
0.300%
Includes GST
0.330%
Consumer Premium
Transaction type
Other Card Present
Priority
49
IRD
PP
Excludes GST
0.300%
Includes GST
0.330%
Consumer Premium
Transaction type
Tokenized Online
Priority
50
IRD
PO
Excludes GST
0.300%
Includes GST
0.330%
Consumer Premium
Transaction type
Other Card Not Present
Priority
51
IRD
PN
Excludes GST
0.300%
Includes GST
0.330%

Intracountry Single Network Debit Card Interchange Rates

Program type Transaction type Priority IRD Excludes GST Includes GST
Tokenized Contactless: Medium Value (greater than AUD 15 and less than or equal to AUD 50)
Transaction type
Tokenized Contactless
Priority
13
IRD
TC
Excludes GST
0.000% + 0.0950
Includes GST
0.000% + 0.1045

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 March 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 and Mastercard online and information is due to be updated from the day the changes come into effect.

These rates can be found at:

VISA Interchange, opens in new window

Mastercard Interchange, opens in new window

Want to know more?

Visit our interchange categories definitions page for more information.

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