The European Commission has announced its decision to adopt revised inter-regional interchange rates.
These new interchange rates apply to international consumer transactions at merchants in the European Economic Area (“EEA”). The new rates are;
Card-Not-Present Credit of 1.50% and 1.15% for debit; and
Card Present credit of 0.30% credit and 0.20% for debit.
The new rates will take effect for both Visa and MasterCard on 19th October 2019, and will last for 5 years.