Visa
For transactions conducted in New Zealand on Kiwibank issued Visa cards.
Visa New Zealand national net maximum credit interchange reimbursement fees
Consumer credit cards
Fee program |
Max credit interchange rates |
Industry fee program |
|
|
Charities |
0.39% |
Strategic Merchant Verification Value (MVV) - based Fee Program |
|
|
MVV Program Credit Consumer Card Present Tier 1 |
0.80% |
|
MVV Program Credit Consumer Card Present Tier 2 |
0.65% |
|
MVV Program Credit Consumer Card Present Tier 3 |
0.60% |
|
MVV Program Credit Consumer Card Present Tier 4 |
0.50% |
|
MVV Program Credit Consumer Card Present Tier 5 |
0.45% |
|
MVV Program Credit Consumer Card Not Present Tier 1 |
0.80% |
|
MVV Program Credit Consumer Card Not Present Tier 2 |
0.65% |
|
MVV Program Credit Consumer Card Not Present Tier 3 |
0.60% |
|
MVV Program Credit Consumer Card Not Present Tier 4 |
0.50% |
|
MVV Program Credit Consumer Card Not Present Tier 5 |
0.45% |
Strategic Merchant Fee Program Indicator (FPI) - based Fee Program1 |
|
|
Card Present & Card Not Present Rate 2 |
0.70% |
|
Card Present & Card Not Present Rate 3 |
0.60% |
|
Card Present & Card Not Present Rate 4 |
0.55% |
|
Card Present & Card Not Present Rate 5 |
0.50% |
Industry Fee Program2 |
|
|
Government, Utilities and Telecommunication |
0.70 NZD capped at 0.65% |
|
Insurance |
1.00 NZD capped at 0.65% |
Recurring Payment Fee Program |
|
|
Tokenised Recurring3 |
0.65% |
|
Recurring Payments |
0.70% |
Contactless Fee Program |
|
|
Contactless – Classic |
0.65% |
|
Contactless – Platinum |
0.80% |
Electronic Fee Program |
|
|
Electronic – Classic |
0.80% |
|
Electronic – Platinum |
0.80% |
Tokenised Online Fee Program4 |
|
|
Tokenised Online – Classic |
0.75% |
|
Tokenised Online – Platinum |
0.75% |
Standard Fee Program |
|
|
Standard – Classic |
0.80% |
|
Standard – Platinum |
0.80% |
1 The existing strategic FPI based program and rates not listed above will be removed from the hierarchy.
2 Acquirers are to assign the FPI based on the ticket size of the transactions to comply to the interchange regulatory cap.
3 Includes edit criteria of POS Environment Code = R and Additional Token Response Information = 1, Token must be from a valid token PAN range.
4 Includes edit criteria of POS Entry Mode = 01 or 10, and Additional Token Response Information = 1, Token must be from a valid token PAN range.
Refer to the New Zealand Domestic Interchange Guide for the detailed edit criteria for all other interchange fee programs.
Business credit cards
Fee program |
Max credit interchange rates |
Industry Fee Program |
|
|
Charities |
0.39% |
Strategic merchant verification value (MVV) - based Fee program |
|
|
MVV Program Credit Commercial Card Present Tier 1 |
0.80% |
|
MVV Program Credit Commercial Card Present Tier 2 |
0.65% |
|
MVV Program Credit Commercial Card Present Tier 3 |
0.60% |
|
MVV Program Credit Commercial Card Present Tier 4 |
0.50% |
|
MVV Program Credit Commercial Card Present Tier 5 |
0.45% |
|
MVV Program Credit Commercial Card Not Present Tier 1 |
0.80% |
|
MVV Program Credit Commercial Card Not Present Tier 2 |
0.65% |
|
MVV Program Credit Commercial Card Not Present Tier 3 |
0.60% |
|
MVV Program Credit Commercial Card Not Present Tier 4 |
0.50% |
|
MVV Program Credit Commercial Card Not Present Tier 5 |
0.45% |
Strategic Merchant Fee Program Indicator (FPI) - based Fee Program1 |
|
|
Card Present & Card Not Present Rate 1 |
0.80% |
|
Card Present & Card Not Present Rate 2 |
0.70% |
|
Card Present & Card Not Present Rate 3 |
0.60% |
|
Card Present & Card Not Present Rate 4 |
0.55% |
|
Card Present & Card Not Present Rate 5 |
0.50% |
Industry Fee Program2 |
|
|
Government, Utilities and Telecommunication |
0.70 NZD capped at 0.65% |
|
Insurance |
1.00 NZD capped at 0.65% |
Recurring Payment Fee Program |
|
|
Tokenised Recurring3 |
0.65% |
|
Recurring Payments |
0.70% |
Contactless Fee Program |
|
|
Contactless – Commercial |
2.00% |
Electronic Fee Program |
|
|
Electronic – Commercial |
2.00% |
Tokenised Online Fee Program4 |
|
|
Tokenised Online – Commercial |
1.95% |
Standard Fee Program |
|
|
Standard – Commercial |
2.00% |
1 The existing strategic FPI based program and rates not listed above will be removed from the hierarchy.
2 Acquirers are to assign the FPI based on the ticket size of the transactions to comply to the interchange regulatory cap.
3 Includes edit criteria of POS Environment Code = R and Additional Token Response Information = 1, Token must be from a valid token PAN range.
4 Includes edit criteria of POS Entry Mode = 01 or 10, and Additional Token Response Information = 1, Token must be from a valid token PAN range.
Refer to the New Zealand Domestic Interchange Guide for the detailed edit criteria for all other interchange fee programs.
Debit cards
Fee program |
Max credit interchange rates |
Visa Fallback Debit Contact Card Present Fee Program |
|
|
Visa Fallback Debit Contact Card Present Fee Program1 |
0.00% |
Industry Fee Program |
|
|
Charities |
0.20% |
Strategic Merchant Verification Value (MVV) – based Fee Program |
|
|
MVV Program Debit Card Present Tier 1 |
0.05 NZD |
|
MVV Program Debit Card Present Tier 2 |
0.04 NZD |
|
MVV Program Debit Card Present Tier 3 |
0.03 NZD |
|
MVV Program Debit Card Present Tier 4 |
0.02 NZD |
|
MVV Program Debit Card Not Present Tier 1 |
0.50% |
|
MVV Program Debit Card Not Present Tier 2 |
0.45% |
Strategic Merchant FPI-base Fee Program2 |
|
|
Card Present Rate 1 |
0.05 NZD |
|
Card Present Rate 2 |
0.04 NZD |
|
Card Present Rate 3 |
0.03 NZD |
|
Card Present Rate 4 |
0.02 NZD |
|
Card Not Present Rate 1 |
0.50% |
Industry Fee Program3 |
|
|
Government, Utilities and Telecommunication Card Present Contactless |
0.70 NZD capped at 0.20% |
|
Government, Utilities and Telecommunication Card Not Present |
0.70 NZD capped at 0.55% |
|
Insurance Card Present Contactless |
1.00 NZD capped at 0.20% |
|
Insurance Card Not Present |
1.00 NZD capped at 0.55% |
Electronic Fee Program |
|
|
Electronic |
0.20% |
Tokenised Online Fee Program4 |
|
|
Tokenised Online |
0.55% |
Standard Fee Program |
|
|
Standard |
0.60% |
1 Includes edit criteria of POS Entry Mode = 05 or 90.
2 The existing strategic FPI based program and rates not listed above will be removed from the hierarchy.
3 Acquirers are to assign the FPI based on the ticket size of the transactions to comply to the interchange regulatory cap.
4 Includes edit criteria of POS Entry Mode = 01 or 10, and Additional Token Response Information = 1, transaction must be from a valid token PAN range.
Refer to the New Zealand Domestic Interchange Guide for the detailed edit criteria for all other interchange fee programs.
Account funding transactions (AFT)
An 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 accounts, P2P accounts, or digital wallets.
Fee program |
Max credit interchange rates |
Strategic AFT – MVV based Fee Program1 |
|
|
AFT MVV Program Debit Products Only Tier 1 |
0.005 |
|
AFT MVV Program Debit Products Only Tier 2 |
0.004 |
|
AFT MVV Program Debit Products Only Tier 3 |
0.003 |
|
AFT MVV Program Debit Products Only Tier 4 |
0.30% capped at NZD 0.52 |
Tokenised AFT Rates2 |
|
|
Tokenised Credit AFT – Classic |
0.75% |
|
Tokenised Credit AFT – Platinum |
0.75% |
|
Tokenised Credit AFT – Business |
1.95% |
|
Tokenised Debit AFT – Classic |
0.55% |
AFT Rates |
|
|
Credit AFT – Classic |
0.80% |
|
Credit AFT – Platinum |
0.80% |
|
Credit AFT – Business |
2.00% |
|
Debit AFT – Classic |
0.30% capped at NZD 0.50 |
1 Applies to AFT use cases for debit funding source only, does not apply to merchant payments
2 Includes edit criteria of Additional Token Response Information = 1, transaction must be from a valid token PAN range
Refer to the New Zealand Domestic Interchange Guide for the detailed edit criteria for all other interchange fee programs
Note: All fees are assessed as a percentage of the transaction amount, unless otherwise stated.
For further information please visit the Visa website.