Visa

For transactions conducted in New Zealand on Kiwibank issued Visa cards.

Visa New Zealand national net maximum credit interchange reimbursement fees

Fee category Visa Classic Visa Platinum
Industry Program – Charities 0.39% 0.39%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 1 0.50% 0.50%
Strategic Merchants – CP and CNP – Rate 2 0.55% 0.55%
Strategic Merchants – CP and CNP – Rate 3 0.60% 0.60%
Strategic Merchants – CP and CNP – Rate 4 0.70% 0.70%
Strategic Merchants – CP and CNP – Rate 5 0.80% 0.80%
Strategic Merchants – CP and CNP – 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%
Contactless* 0.85% 1.45%
Electronic 0.85% 1.85%
Standard 1.25% 1.85%

*Contactless fee program applies to any transaction amount

Visa New Zealand national net maximum debit interchange reimbursement fees**

Fee category Interchange rate
Industry Program – Charities 0.39%
Strategic Merchants – Card Present – Rate 1 *** NZ$0.02
Strategic Merchants – Card Present – Rate 2 *** NZ$0.03
Strategic Merchants – Card Present – Rate 3 NZ$0.04
Strategic Merchants – Card Present – Rate 4 NZ$0.05
Strategic Merchants – Card Not Present – Rate 1 0.50%
Strategic Merchants – Card Not Present – Rate 2 0.55%
Strategic Merchants – Card Not Present – Rate 3 0.60%
Strategic Merchants – Card Not Present – Rate 4 0.70%
Strategic Merchants – Card Not Present – Rate 5 0.80%
Strategic Merchants – Card Not Present – Rate 6 0.98%
Industry Program – Government, Utilities & Telecom NZ$0.70
Industry Program – Insurance NZ$1.00
Industry Program – Recurring Payments 0.70%
Electronic – Card Present 0.30%
Standard – Card Not Present 1.10%

** 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.Visa New Zealand National Net Maximum Prepaid Interchange Reimbursement Fees

Visa New Zealand national net maximum prepaid interchange reimbursement fees

Fee category Interchange rate
Industry Program – Charities 0.39%
Strategic Merchants – Card Present – Rate 1 0.39%
Strategic Merchants – Card Not Present – Rate 1 0.50%
Strategic Merchants – Card Not Present – Rate 2 0.55%
Strategic Merchants – Card Not Present – Rate 3 0.60%
Strategic Merchants – Card Not Present – Rate 4 0.70%
Strategic Merchants – Card Not Present – Rate 5 0.80%
Strategic Merchants – Card Not Present – Rate 6 0.98%
Industry Program – Government, Utilities & Telecom NZ$0.70
Industry Program – Insurance NZ$1.00
Industry Program – Recurring Payments 0.70%
Electronic – Card Present 0.60%
Standard – Card Not Present 1.25%

Mastercard®

For transactions conducted in New Zealand on Kiwibank issued Mastercard® cards.

Mastercard® Credit Cards

Fee category Interchange rate
Charities 0.00%
Strategic Merchants 1 0.50%
Strategic Merchants 2 0.60%
Strategic Merchants 3 0.70%
Strategic Merchants 4 1.10%
Strategic Merchants 5 1.50%
Contactless (excluding Commercial Cards) 0.50%
Government and Utilities 0.70%
Petroleum 0.60%
Education and Learning 0.80%
Recurring Payments 0.90%
Consumer Premium 1.90%
Commercial 2.10%
Consumer Electronic 0.90%
Consumer Standard 1.65%