Merchant Choice Routing allows merchants to choose to send contactless ‘tap-and-go’ transactions from Multi-Network debit cards through the Australian eftpos network instead of the current Visa or Mastercard® network.
Multi-Network debit cards are dual branded debit cards with either Visa/eftpos or Mastercard®/eftpos logos on the front and rear of the card.
Potential benefit to the business
The feature may enable merchants to save on transaction processing costs, depending on the card mix, transaction amount and pricing plan. If you’re on simple pricing, MCR is already enabled.