Formal notification has now been received that both Visa and MasterCard will postpone their scheduled April 2020 Regs Release to July or October in most cases.
01 April 2020
As your payments partner, we are committed to keeping you up-to-date with industry and card scheme developments. The purpose of this page is to advise you of new pricing changes being introduced by the Card Brands, Visa, Mastercard and Diners Club.
There are a number of changes being made by the Card Brands. We have outlined below those with the biggest impact as well as an overview of all other changes.
The highest impact changes Mastercard have advised of are as follows:
|
Region(s) / Market(s) |
Change Details |
Effective Date |
|---|---|---|
|
UK, Ireland, Baltics, Scandinavia |
Revised acquiring volume fee and acquiring minimum volume fee change to 2.5bps (UK, Ireland & Gibraltar) and 3.5bps (Scandinavia & Baltics) |
01.01.2021 |
|
Non-EU |
CNP (Card-Not-Present) and MOTO (Mail Order / Telephone Order) fee change. |
03.01.2020 |
|
EEA |
Commercial Cards - Removal of Universal Cardholder Authentication Field (UCAF) Interchange rates |
17.07.2020 |
The primary fee changes advised by Visa are as follows:-
|
Region(s) / Market(s) |
Change Details |
Effective Date |
|---|---|---|
|
EU |
For UK/Ireland: Acquirer Card-Present service fees will be increasing to 1.8 bps for debit and 2.3 bps for credit and Card-Not-Present (CNP) service fees increasing to 2.8 bps for debit and 3.3 bps for credit. For Other EU countries: Acquirer Card-Present and Card-Not-Present service fees refer to table 2.0 for details of rate changes. |
25.01.2020 |
|
All |
Acquirer International Fees (IAF) for CNP Transactions will increase from currently 40bps to 55bps. |
01.07.2020 |
Furthermore Mastercard, Visa and Diners Club have advised all acquirers of the following lower impact changes:-
A) Interchange Fees
- New Debit Mastercard Domestic UK and Ireland Purchase with Cash Back Interchange Fees effective 17 April 2020
|
Country and Card Plan |
Region |
New Fee |
|---|---|---|
|
Ireland Debit Mastercard brand transactions |
Domestic |
0.13 EUR |
|
UK Debit Mastercard brand transactions |
Domestic |
0.12 GBP |
- Maestro Domestic Belgium Maestro Small Business Interchange fees effective 1 January 2020.
|
Region |
Rate Type |
Current IC fee |
New IC Fee |
|---|---|---|---|
|
Domestic Belgium Maestro Small Business |
Contactless |
0.80% |
0.40% (maximum EUR 0.6) |
|
Domestic Belgium Maestro Small Business |
Chip and PIN |
1.25% |
0.40% (maximum EUR 0.6) |
|
Domestic Belgium Maestro Small Business |
Secure e-commerce |
1.50% |
No change |
|
Domestic Belgium Maestro Small Business |
Base |
1.65% |
No change |
- Mastercard Consumer Intra-Western and Intra-Europe Interchange Fees effective 22 November 2019.
|
Product |
IC Fee Tier |
New fee |
|---|---|---|
|
Mastercard Consumer Standard |
Contactless Chip |
0.59% 0.59% |
|
Debit Mastercard Standard |
Enhanced Electronic Merchant UCAF Full UCAF Base |
0.74% 0.99% 1.19% 1.19% |
|
Platinum Mastercard |
Contactless Chip |
1.55% 1.55% |
|
Product |
IC Fee Tier |
New fee |
|---|---|---|
|
World Mastercard |
Contactless Chip |
1.70% 1.70% |
|
World Debit Mastercard |
Chip Enhanced Electronic |
1.70% 1.70% |
|
Mastercard Black |
Merchant UCAF Full UCAF |
1.70% 1.70% |
|
Mastercard Black Debit |
Base |
1.70% |
|
World Elite Mastercard |
Contactless Chip |
1.80% 1.80% |
|
Product |
Region |
New Fee |
|---|---|---|
|
World Mastercard World Debit Mastercard Mastercard Black Mastercard Black Debit |
Contactless Chip |
1.70% 1.70% |
|
Platinum Debit Mastercard |
Enhanced Electronic Merchant UCAF Full UCAF Base |
1.55% 1.55% 1.55% 1.55% |
|
Product |
Region |
New Fee |
|---|---|---|
|
Maestro Consumer Maestro Prepaid Consumer |
Contactless Chip Secure e-commerce PIN-verified Signature verified Mail Order /Telephone Order Mail Order /Telephone Order |
0.45% 0.45% 0.65% 0.45% 0.45% 1.05% 1.05% |
|
World Elite Debit Mastercard |
Enhanced Electronic Merchant UCAF Full UCAF Base |
1.80% 1.80% 1.80% 1.80% |
- Mastercard Enterprise Solution Wholesale Travel Program New Interchange Fees effective 17 July 2020.
|
Product |
Region |
New Fee |
|---|---|---|
|
Commercial Business-to-Business Global Wholesale Travel Program |
MBS—Mastercard B2B Product 1 (existing product code/IC fee rate) MBA—Mastercard B2B Product 2 MBG—Mastercard B2B Product 3 MBH—Mastercard B2B Product 4 MBI—Mastercard B2B Product 5 MBJ—Mastercard B2B Product 6 |
2.00% 1.80% 1.60% 1.40% 1.20% 1.00% |
- Mastercard Fee update for Post, Utilities & Government Services MCCs (Slovakia) effective from 5 January 2020.
- Mastercard Maestro Digital Wallet (Switzerland) effective date 25 January 2020.
- New Mastercard Domestic Portugal Consumer Interchange Fees for Bill Payments, Government, Transport and Vending effective 1 March 2020.
|
|
Bill Payments and Government |
Vending and Transport |
|---|---|---|
|
Mastercard Consumer Credit |
0.30% (Max EUR 0.15) |
0.30% (Max EUR 0.01) |
|
Mastercard/Maestro Consumer Debit |
0.20% (Max EUR 0.15) |
0.20% (Max EUR 0.01) |
- Visa Portugal contactless limits updated effective 25 January 2020
- Visa Intra EEA interchange rate amended to 1.60% for ecommerce non-secure Visa business credit effective from 16 January 2020
- Visa Domestic Business Debit Interchange Fees update for Hungary effective 25 January 2020
|
Fee Type |
New Rate |
|---|---|
|
EMV® Chip (including contactless) |
1.35% |
|
E-commerce |
1.45% |
|
Standard |
1.60% |
- Visa reduced interchange rates in Israel effective 1 January 2020
Israel Domestic Visa Interchange
|
Product |
Rate |
Effective Date |
|---|---|---|
|
Deferred Debit and Credit |
0.60% 0.58% 0.55% 0.53% 0.50% |
01.01.2019 01.01.2020 01.01.2021 01.01.2021 01.01.2023 |
|
Immediate Debit and Prepaid |
0.28% 0.25% |
01.01.2021 01.01.2023 |
- Visa Original Credit Transaction Inter-Client Fees effective 18 July 2020.
|
Region |
New Fee |
|---|---|
|
Domestic in Europe region 2 (excluding UK) |
0.25% (capped at EUR 0.09) |
|
Domestic in UK |
0.25% (capped at GBP 0.08) |
|
Intra-Europe European Economic Area (EEA) |
0.25% (capped at EUR 0.09) |
- Visa Intra-Europe EEA and Non-EEA Business Prepaid Interchange Rates effective 9 November 2019.
|
Region |
Rate Type |
Rate |
|---|---|---|
|
Intra EEA |
EMV® Chip (incl. Contactless) Electronic Commerce Standard |
1.35% (minimum EUR 0.35) 1.45% (minimum EUR 0.35) 1.60% (minimum EUR 0.35) |
|
Intra Non-EEA |
EMV® Chip (incl. Contactless) Electronic Commerce Standard |
1.35% (minimum EUR 0.35) 1.45% (minimum EUR 0.35) 1.60% (minimum EUR 0.35) |
- Visa Intra-Europe Non-EEA Consumer Card Interchange New Fees effective from 18 April 2020.
|
Rate Type |
Debit |
Credit |
|---|---|---|
|
Acquirer Chip Terminal |
0.60% |
0.65% |
|
Electronic |
0.70% |
0.75% |
|
Secure E-commerce |
1.04% |
1.09% |
|
E-commerce Merchant |
1.04% |
1.09% |
|
Standard |
1.20% |
1.25% |
|
Premium Cards |
1.40% |
1,45% |
|
Super Premium Cards |
1.57% |
1.62% |
- Visa Interchange Fees Updated for UK Me-to-Me Payment Merchant Program effective 15 August 2020.
|
Rate Type |
Rate Type |
Rate |
|---|---|---|
|
Secure |
0.20% (capped at GBP 0.40) |
0.30% + GBP 0.05 (capped at GBP 0.75) |
|
Non-Secure |
0.20% (capped at GBP 0.40) |
0.30% + GBP 0.05 (capped at GBP 0.75) |
- Diners Updated Interchange Fees on Consumer Transactions Having EEA Merchant and non-EEA Issuer effective 13 October 2019.
|
Rate Type |
Debit/Credit |
Card Present / not Present |
New Rate |
|---|---|---|---|
|
Inter-regional having EEA merchant and non-EEA issuer |
Debit |
Card Present Card Not Present |
0.20% 1.15% |
|
Inter-regional having EEA merchant and non-EEA issuer |
Credit |
Card Present Card Not Present |
0.30% 1.50% |
B) Assessment Fees
- Visa and Mastercard semi-annual review of volume fees, clearing & settlement and transaction fees effective 1 October 2020.
- Mastercard introducing Transaction Processing Excellence and New Program — EEA (Switch) with regards to excessive authorisation attempts and nominal amount authorisation effective 1 February 2020.
- Mastercard revised Development Fund Fees in the Netherlands and France effective 3 January 2020.
- Mastercard Acquirer Authorization Fee from Declined Transaction effective 17 August 2020.
- Mastercard Secure Code Server Fee Revision effective from 17 July 2020.
- Mastercard New Croatian Kuna regional settlement service.with settlement in Kuna effective from 2 December 2019
- Mastercard Volume, clearing, MDF, final including fund revisions (Kazakhstan) effective from 25 January 2020.
- Mastercard DCC Matching Fee (Global) effective from 7 October 2020.
- Mastercard Single Tap Enablement (Central and Eastern European Countries) effective from 1 October 2019.
- Mastercard Safety and Security Roadmap Fee (Global) effective from 1 September 2019.
- Mastercard UK, Ireland, Nordic and Baltic and selected EU countries new Chip and Contactless Enablement fee effective from 15 February 2020
- Visa Innovation and Market Development Fee to be introduced in selected European Countries effective from 25 January 2020.
- Visa International Acquirer Fee will be modified for Transactions in Italy and Switzerland effective from 25 January 2020.
- Visa Waiver for Refund Authorization Mandate effective from 1 April 2020.
- Visa New Rules and Fees Will Be Introduced to Enhance Ecosystem Risk Performance effective from 1 April 2020.
- Visa Enhanced Ecosystem Risk Performance (Global) effective date 1 January 2020.
- Diners Acquirer Scheme Fees effective from 17 April 2020.
- Diners Scheme Fees (Poland) effective from 1 April 2020.
What will these changes mean for you?
The result of these changes being introduced by the Card Schemes is a possible net increase in fees payable to the brands. The changes outlined are the only amendments to your existing fee/pricing structure.
Here to help
If there’s anything we can help you with, please contact Elavon Customer Service at .