June 2025 – What’s changing?
Visa and MasterCard are making changes to their Interchange rates. The changes are effective from 1 June 2025 and cover selected credit and debit card types.
New Rates: Effective 1 June 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) |
---|---|---|---|---|
Tokenized Online Tier 1 |
Current rate (excludes GST)
0.62%
|
Current rate (includes GST)
0.682%
|
Updated rate (excludes GST)
0.59%
|
Updated rate (includes GST)
0.649%
|
Industry Fee Program – Government |
Current rate (excludes GST)
0.21%
|
Current rate (includes GST)
0.231%
|
Updated rate (excludes GST)
0.20%
|
Updated rate (includes GST)
0.220%
|
Industry Fee Program – Education |
Current rate (excludes GST)
0.21%
|
Current rate (includes GST)
0.231%
|
Updated rate (excludes GST)
0.20%
|
Updated rate (includes GST)
0.220%
|
Industry Fee Program – Transit |
Current rate (excludes GST)
0.21%
|
Current rate (includes GST)
0.231%
|
Updated rate (excludes GST)
0.20%
|
Updated rate (includes GST)
0.220%
|
Recurring Payments |
Current rate (excludes GST)
0.23%
|
Current rate (includes GST)
0.253%
|
Updated rate (excludes GST)
0.22%
|
Updated rate (includes GST)
0.242%
|
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) |
---|---|---|---|---|
Card Present Fee Program – Debit Gold (P) |
Current Rate (excludes GST)
AUD 0.07
|
Current rate (includes GST)
AUD 0.077
|
Updated rate (excludes GST)
AUD 0.06
|
Updated rate (includes GST)
AUD 0.066
|
Mastercard
Intracountry Credit Interchange Rates
Credit Fee Program | Current rate (excludes GST) | Current rate (includes GST) | Updated rate (excludes GST) | Updated rate (includes GST) |
---|---|---|---|---|
Consumer Premium High Spend – Tokenized Contactless |
Current rate (excludes GST)
0.710%
|
Current rate (includes GST)
0.781%
|
Updated rate (excludes GST)
0.690%
|
Updated rate (includes GST)
0.759%
|
Consumer Premium High Spend – Other Card Present |
Current rate (excludes GST)
0.600%
|
Current rate (includes GST)
0.660%
|
Updated rate (excludes GST)
0.590%
|
Updated rate (includes GST)
0.649%
|
Consumer Premium High Spend – Tokenized Online |
Current rate (excludes GST)
0.500%
|
Current rate (includes GST)
0.550%
|
Updated rate (excludes GST)
0.480%
|
Updated rate (includes GST)
0.528%
|
Consumer Premium High Spend – Other Card Not Present |
Current rate (excludes GST)
0.680%
|
Current rate (includes GST)
0.748%
|
Updated rate (excludes GST)
0.660%
|
Updated rate (includes GST)
0.726%
|
Intracountry Single Network Debit Rates
Credit Fee Program | Current rate (excludes GST) | Current rate (includes GST) | Updated rate (excludes GST) | Updated rate (includes GST) |
---|---|---|---|---|
Other Card Present – Commercial |
Current rate (excludes GST)
0.20%
|
Current rate (includes GST)
0.22%
|
Updated rate (excludes GST)
AUD 0.080
|
Updated rate (includes GST)
AUD 0.088
|
Other Card Not Present – Commercial |
Current rate (excludes GST)
0.20%
|
Current rate (includes GST)
0.22%
|
Updated rate (excludes GST)
0.165%
|
Updated rate (includes GST)
0.1815%
|
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 June 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 and MasterCard 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.
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