July 2022 – What’s changing?

Mastercard is making changes to their Interchange rates. This change is effective 16th July 2022 and covers selected dual and single network debit and prepaid cards.

New rates

Mastercard Dual Network Debit Card

  Transaction type Ex. GST Inc. GST

Tokenized Contactless Dual Network

Transaction type

Low Value (less than or equal to AUD 15)

Ex. GST

AUD 0.050

Inc. GST

AUD 0.055

Tokenised Contactless Dual Network

Transaction type

Other (greater than AUD 15)

Ex. GST

AUD 0.100

Inc. GST

AUD 0.110

Dual Network Debit Card

Transaction type

Small Business Program

Ex. GST

AUD 0.030

Inc. GST

AUD 0.033

Dual Network Debit Card

Transaction type

Tokenized Recurring

Ex. GST

AUD 0.040

Inc. GST
AUD 0.044

Dual Network Debit Card

Transaction type
Recurring Payment
Ex. GST
AUD 0.060
Inc. GST
AUD 0.066

Dual Network Debit Card

Transaction type
Tokenized Online
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

 

Mastercard Single Network Debit Card

  Transaction type Ex. GST Inc. GST

Single Network Debit Card

Transaction type

Small Business Program

Ex. GST

AUD 0.030

Inc. GST

AUD 0.033

Single Network Debit Card

Transaction type

Bill Payment Program

Ex. GST

AUD 0.100

Inc. GST

AUD 0.110

Single Network Debit Card

Transaction type

Transit Contactless

Ex. GST

AUD 0.060

Inc. GST

AUD 0.060

Tokenized Contactless Single Network

Transaction type

Low Value (less than or equal to AUD 15)

Ex. GST

AUD 0.100

Inc. GST
AUD 0.110

Tokenized Contactless Single Network

Transaction type
Other (greater than AUD 15)
Ex. GST
AUD 0.100
Inc. GST
AUD 0.110

Single Network Debit Card

Transaction type
Other Card Present: Standard
Ex. GST
AUD 0.080
Inc. GST
AUD 0.088

Single Network Debit Card

Transaction type
Other Card Present: Premium
Ex. GST
AUD 0.010
Inc. GST
AUD 0.110

Single Network Debit Card

Transaction type
Other Card Present: Commercial
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

Single Network Debit Card

Transaction type
Tokenized Online
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

Single Network Debit Card

Transaction type
Other Card Not Present: Standard
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

Single Network Debit Card

Transaction type
Other Card Not Present: Premium
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

Single Network Debit Card

Transaction type
Other Card Not Present: Commercial
Ex. GST
AUD 0.000
Inc. GST
AUD 0.000

 

Prepaid Mastercard

  Transaction type Ex. GST Inc. GST

Prepaid

Transaction type

Small Business Program

Ex. GST

AUD 0.030

Inc. GST

AUD 0.033

 

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.

Where can you find out more about interchange fees? 

Interchange fees information is published by Visa and Mastercard online.

These rates can be found at:

Mastercard interchange, opens in new window

VISA interchange, opens in new window

Want to know more?

Visit our interchange categories definitions page for more information.

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