Industry Program – Charities
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.
Visa sets 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 fee.
Please note that there are specific technical and other criteria that each transaction must meet in order to qualify for the different fee categories. Transactions which do not meet the processing criteria for a specific program will not be subject to that fee, but instead will be subject to the Standard interchange maximum fees.
Visa New Zealand Domestic Maximum Credit Interchange Reimbursement Fees
0.39% |
0.39% |
0.39% |
|
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Tier 1 |
N/A |
N/A |
0.80% |
Strategic Merchants – CP and CNP – Tier 2 |
0.65% |
0.65% |
0.65% |
Strategic Merchants – CP and CNP – Tier 3 |
0.60% |
0.60% |
0.60% |
Strategic Merchants – CP and CNP – Tier 4 |
0.50% |
0.50% |
0.50% |
Strategic Merchants – CP and CNP – Tier 5 |
0.45% |
0.45% |
0.45% |
Industry Program – Government, Utilities & Telecom
|
NZ$0.70, capped at 0.65% |
NZ$0.70, capped at 0.65% |
NZ$0.70, capped at 0.65% |
Industry Program – Insurance
|
NZ$1.00, capped at 0.65% |
NZ$1.00, capped at 0.65% |
NZ$1.00, capped at 0.65% |
Tokenized Recurring
|
0.65% |
0.65% |
0.65% |
Recurring Payments Program |
0.70% |
0.70% |
0.70% |
Contactless* |
0.65% |
0.80% |
2.00% |
Electronic – Card Present |
0.80% |
0.80% |
2.00% |
Tokenized Online Program
|
0.75% |
0.75% |
1.95% |
Standard – Card Not Present |
0.80% |
0.80% |
2.00% |
* Contactless fee program applies to any transaction amount
Visa New Zealand Domestic Maximum Debit Interchange Reimbursement Fees*
Visa Fallback Debit Contact Card Present Program
|
0.00% |
0.00% |
Industry Program – Charities
|
0.20% |
0.20% |
Strategic Merchants – Card Present (CP) – Tier 1 |
NZ$0.05 |
NZ$0.05 |
Strategic Merchants– CP – Tier 2 |
NZ$0.04 |
NZ$0.04 |
Strategic Merchants– CP – Tier 3** |
NZ$0.03 |
NZ$0.03 |
Strategic Merchants– CP – Tier 4** |
NZ$0.02 |
NZ$0.02 |
Strategic Merchants – Card Not Present (CNP) – Tier 1 |
0.50% |
0.50% |
Strategic Merchants– CNP – Tier 2 |
0.45% |
0.45% |
Industry Program - Card Present Contactless – Government, Utilities & Telecom
|
NZ$0.70, capped at 0.20% |
NZ$0.70, capped at 0.20% |
Industry Program – Card Present Contactless – Insurance
|
NZ$1.00, capped at 0.20% |
NZ$1.00, capped at 0.20% |
Industry Program - Card Not Present – Government, Utilities & Telecom
|
NZ$0.70, capped at 0.55% |
NZ$0.70, capped at 0.55% |
Industry Program – Card Not Present – Insurance
|
NZ$1.00, capped at 0.55% |
NZ$1.00, capped at 0.55% |
Electronic – Card Present |
0.20% |
0.20% |
Tokenized Online Program
|
0.55% |
0.55% |
Standard – Card Not Present
|
0.60% |
0.60% |
* Excludes EFTPOS transactions (defined as face-to-face card present transactions utilizing account selection and PIN) switched domestically to issuer
SMRs are intended for merchants designated by Visa to be strategic, in which they meet certain criteria, including innovation and/or acceptance requirements.
**Specifically, Strategic Merchants – CP – Tier 4 is reserved for merchants that meet the Strategic Program Criteria and have approximately 85% of volume under NZD 15. Meanwhile, Strategic Merchants – CP Tier 3 is reserved for merchants that meet the Strategic Program Criteria and have significant volume processed through VisaNet.
Visa New Zealand Domestic Maximum Prepaid Interchange Reimbursement Fees
Industry Program – Charities |
0.39% |
0.39% |
Strategic Merchants – Card Present – Tier 1 |
0.39% |
0.39% |
Strategic Merchants – Card Not Present (CNP) – Tier 1 |
0.80% |
0.80% |
Strategic Merchants – CNP – Tier 2 |
0.65% |
0.65% |
Strategic Merchants – CNP – Tier 3 |
0.60% |
0.60% |
Strategic Merchants – CNP – Tier 4 |
0.50% |
0.50% |
Strategic Merchants – CNP – Tier 5 |
0.45% |
0.45% |
Industry Program – Government, Utilities & Telecom
|
NZ$0.70 |
NZ$0.70 |
Industry Program – Insurance
|
NZ$1.00 |
NZ$1.00 |
Tokenized Recurring
|
0.65% |
0.65% |
Recurring Payments Program
|
0.70% |
0.70% |
Electronic – Card Present
|
0.60% |
2.00% |
Tokenized Online Program
|
1.20% |
1.95% |
Standard – Card Not Present
|
1.25% |
2.00% |
Visa New Zealand Domestic Maximum Account Funding Transaction (AFT) Interchange Reimbursement Fees
An Account Funding Transaction (AFT) is a VisaNet transaction that pulls funds from a Visa card account for the purpose of funding a different, non-merchant account, such as prepaid card accounts, financial account, P2P accounts or digital wallets.
Visa New Zealand Domestic Maximum Credit AFT Interchange Reimbursement Fees
Tokenized Credit AFT
|
0.75% |
0.75% |
1.95% |
Credit AFT |
0.80% |
0.80% |
2.00% |
Visa New Zealand Domestic Maximum Debit AFT Interchange Reimbursement Fees
Account to Account Debit AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Person to Person Debit AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Funds Transfer Debit AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Wallet Transfer Debit AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Tokenized Debit AFT |
0.55% |
0.55% |
Debit AFT |
0.60% |
0.60% |
Visa New Zealand Domestic Maximum Prepaid AFT Interchange Reimbursement Fees
Account to Account Prepaid AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Person to Person Prepaid AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Funds Transfer Prepaid AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Wallet Transfer Prepaid AFT
|
0.30% capped at NZ$0.50 |
0.30% capped at NZ$0.50 |
Tokenized Prepaid AFT
|
1.20% |
1.95% |
Prepaid AFT
|
1.25% |
2.00% |
New Zealand Issuer Domestic Interchange Fees
The domestic interchange fees of New Zealand issuers can be found at the following links: