Interchange

Visa New Zealand Domestic Maximum Interchange Reimbursement Fees

The following tables set forth the Visa maximum interchange reimbursement fees applicable to New Zealand domestic transactions processed through Visa’s National Net Settlement Service. The rates are effective 19 October 2019 and are paid by the acquirer to the issuer on purchase transactions.


Visa uses interchange reimbursement fees as transfer fees between issuers and acquirers to balance and grow the payment system for the benefit of all participants. Merchants do not pay interchange reimbursement fees; merchants pay a "merchant discount fee" to their acquirer. This is an important distinction, because merchants buy a variety of processing services from financial institutions; all of these services may be included in their merchant discount rate.


Please note that there are specific technical and other criteria that each transaction must meet in order to qualify for the different rate categories. Transactions which do not meet the processing criteria for a specific program will not be subject to that maximum rate, but instead will be subject to the Standard interchange maximum rate.

Fee Program

Visa Classic / Visa Gold

Visa Platinum

Visa Signature

Visa Commercial
Industry Program – Charities

0.39%

0.39%

0.39%

0.39%

 Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 1

0.50%

0.50%

0.50%

0.50%
Strategic Merchants – CP and CNP – Rate 2

0.55%

0.55%

0.55%

0.55%
Strategic Merchants – CP and CNP – Rate 3

0.60%

0.60%

0.60%

0.60%

Strategic Merchants – CP and CNP – Rate 4

0.70%

0.70%

0.70%

0.70%
Strategic Merchants – CP and CNP – Rate 5

0.80%

0.80%

0.80%

0.80%

Strategic Merchants – CP and CNP – Rate 6

0.98%

0.98%

0.98%

0.98%
Industry Program – Government, Utilities & Telecom

NZ$0.70

NZ$0.70

NZ$0.70

NZ$0.70
Industry Program – Insurance

NZ$1.00

NZ$1.00

NZ$1.00

NZ$1.00
Industry Program – Recurring Payments

0.70%

0.70%

0.70%

0.70%

Contactless*

0.85%

1.45%

1.57%

N/A

Electronic

0.85%

1.85%

1.97%

2.00%
Standard

1.25%

1.85%

1.97%

2.00%

*Contactless fee program applies to any transaction amount

Fee Program

Visa Consumer

Visa Commerical
Industry Program – Charities

0.39%
0.39%

Strategic Merchants – Card Present – Rate 1 **

NZ$0.02

NZ$0.02

Strategic Merchants – Card Present – Rate 2 **

NZ$0.03

NZ$0.03
Strategic Merchants – Card Present – Rate 3
NZ$0.04
NZ$0.04
Strategic Merchants – Card Present – Rate 4
NZ$0.05
NZ$0.05
Strategic Merchants – Card Not Present – Rate 1

0.50%

0.50%
Strategic Merchants – Card Not Present – Rate 2

0.55%

0.55%
Strategic Merchants – Card Not Present – Rate 3

0.60%

0.60%
Strategic Merchants – Card Not Present – Rate 4

0.70%

0.70%
Strategic Merchants – Card Not Present – Rate 5

0.80%

0.80%
Strategic Merchants – Card Not Present – Rate 6

0.98%

0.98%
Industry Program – Government, Utilities & Telecom

NZ$0.70

NZ$0.70
Industry Program – Insurance

NZ$1.00

NZ$1.00
Industry Program – Recurring Payments

0.70%

0.70%
Electronic – Card Present

0.30%

0.30%
Standard – Card Not Present

1.10%

2.00%

* Excludes EFTPOS transactions (defined as face-to-face card present transactions utilizing account selection and PIN) switched domestically to issuer.

** The above SMRs are intended for merchants designated by Visa to be strategic, in which they meet certain criteria, including innovation and/or acceptance requirements (Strategic Program Criteria). Specifically, SMR—Card-Present Rate 1 is reserved for merchants that meet the Strategic Program Criteria and have approximately 85% of volume under NZD 15. Meanwhile, SMR—Card-Present Rate 2 is reserved for merchants that meet the Strategic Program Criteria and have significant volume processed through VisaNet.

Fee Program

Visa Consumer

Visa Commerical

Industry Program – Charities

0.39%

0.39%
Strategic Merchants – Card Present

0.39%

0.39%

Strategic Merchants – Card Not Present – Rate 1

0.50%

0.50%

Strategic Merchants – Card Not Present – Rate 2

0.55%

0.55%

Strategic Merchants – Card Not Present – Rate 3

0.60%

0.60%

Strategic Merchants – Card Not Present – Rate 4

0.70%

0.70%

Strategic Merchants – Card Not Present – Rate 5

0.80%

0.80%
Strategic Merchants – Card Not Present – Rate 6

0.98%

0.98%
Industry Program – Government, Utilities & Telecom

NZ$0.70

NZ$0.70
Industry Program – Insurance

NZ$1.00

NZ$1.00
Industry Program – Recurring Payments

0.70%

0.70%
Electronic – Card Present

0.60%

2.00%
Standard – Card Not Present

1.25%

2.00%

The domestic interchange rates of New Zealand issuers can be found at the following links: