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:

VISA Interchange

MasterCard Interchange

Want to know more?

Visit our interchange categories definitions page for more information.

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