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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