Terms and definitions
A Scheme card refers to one of the following card types:
- Visa Debit
- Visa Credit
- Mastercard Credit
- Mastercard Debit
Scheme Card Issuer Fee
The Card Issuer Fee ("interchange") is set by the card schemes (Visa, Mastercard, EFTPOS and UnionPay) and is paid by the acquirer (the Merchant's financial institution, in this case NAB) to the card issuer (the financial institution whose name is on the card). The fee per transaction varies depending upon the type of card, type of transaction and the method used to accept each transaction. This fee is charged as a percentage of net sales ($) volume of all Mastercard, Visa cards and UnionPay cards processed and is charged monthly to your nominated account.
The Service Fee is charged by NAB to cover costs which include transaction processing, card scheme fees, technology, risk, compliance, fraud and fraud prevention, merchant statements, and a 24-hour Merchant Service Centre. This fee is charged as a percentage of net sales ($) volume of all Mastercard, Visa and UnionPay cards processed and is charged monthly to your nominated account.
Card issued by an Australian financial institution.
Card issued by an overseas financial institution.
Transactions involving a credit account.
Transactions involving a debit card such as Visa Debit or Maestro which access the cardholder's bank account.
Consumer card transactions processed at an EFTPOS terminal.
(a) Consumer Card transactions processed at an approved Recurring Payment Transaction Service Merchant, and the cardholders have signed an agreement with the merchant to authorise the merchant to debit their card for regular payments
(b) All credit and debit MasterCard product codes processed at an approved Recurring Payment Transaction Service Merchant.
Scheme Interchange information
Visit Mastercard's website, opens in new window for all your Mastercard Interchange information and definitions.
Visit Visa's website, opens in new window for all your Visa interchange information and definitions.
Visit EFTPOS Australia, opens in new window for all your Eftpos Interchange information and questions.
Interchange rate changes
View our information on up-to-date rate changes for all schemes including (Visa, Mastercard and EFTPOS).