Help & Support


Interchange reimbursement fees

An interchange reimbursement fee is a fee paid by an acquirer (a financial institution that processes card transactions on behalf of a merchant) to an issuer (a financial institution that issues cards to cardholders). With effect from 14 April 2018, BNZ as an issuer of Visa and Mastercard branded payment cards has set the following interchange reimbursement fees that will apply to New Zealand acquired transactions.

Mastercard

For transactions conducted in New Zealand on BNZ issued Mastercard branded payment cards.

Consumer credit & commercial payment cards

Interchange 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%
Tokenized Contactless 0.50%
Contactless (excluding commercial cards) 0.50%
Government / Utilities 0.70%
Petroleum 0.60%
Education and Learning 0.80%
Recurring Payments - Tokenized 0.80%
Recurring Payments - Others 1.10%
Commercial Premium  2.20%
Commercial 2.10%
Tokenized Online 1.40%
Consumer Elite - Card Present 2.00%
Consumer Elite - Card Not Present 2.25%
Consumer Super Premium 1 - Card Present 2.00%
Consumer Super Premium 1 - Card Not Present 2.25%
Consumer Super Premium 2 - Card Present 1.85%
Consumer Super Premium 2 - Card Not Present 2.15%
Consumer Premium - Card Present 1.85%
Consumer Premium - Card Not Present 2.10%
Consumer Standard - Card Present 0.85%
Consumer Standard - Card Not Present 1.65%

Consumer debit payment cards

Interchange category Interchange rate
Charities 0.00%
PayPass Contactless Micropayment (<=NZD 15) 0.20%
Contactless Strategic Merchant 1 NZD 0.060
Contactless Strategic Merchant 2 NZD 0.100
Strategic Merchants 1 0.30%
Strategic Merchants 2 0.35%
Strategic Merchants 3 0.40%
Strategic Merchants 4 0.90%
Strategic Merchants 5 1.10%
Tokenized Contactless 0.20%
Commercial 1.50%
Contactless 0.20%
Consumer - Card Present 0.15%
Government / Utilities 0.50%
Petroleum 0.50%
Recurring Payments - Tokenized 0.60%
Recurring Payments - Others 0.90%
Tokenized Online 1.00%
Consumer Premium - Card Present 1.20%
Consumer Premium - Card Not Present 1.50%
Consumer - Card Not Present 1.25%

Consumer prepaid payment cards

Interchange category Interchange rate
Charities 0.00%
PayPass Contactless Micropayment (<=NZD 15) 0.30%
Strategic Merchants 1 0.40%
Strategic Merchants 2 0.40%
Strategic Merchants 3 0.40%
Strategic Merchants 4  0.90%
Strategic Merchants 5  1.10%
Tokenized Contactless 0.30%
Commerical 1.50%
Contactless 0.30%
Government / Utilities 0.50%
Petroleum 0.50%
Recurring Payments - Tokenized 0.70%
Recurring Payments - Others 0.70%
Tokenized Online 1.00%
Consumer Premium - Card Present 1.20%
Consumer Premium - Card Not Present 1.50%
Consumer - Card Present 0.50%
Consumer - Card Not Present 1.25%

Note: All fees are assessed as a percentage of the transaction amount, unless otherwise stated.

For further information please refer to Mastercard’s website.

Visa

For transactions conducted in New Zealand on BNZ issued Visa branded payment cards.

Consumer credit & commercial payment cards

Interchange Fee Program Interchange rate
Charities 0.39%
Strategic Merchant – Electronic and Card Not Present – Rate 1 0.50%
Strategic Merchant – Electronic and Card Not Present – Rate 2 0.55%
Strategic Merchant – Electronic and Card Not Present – Rate 3 0.60%
Strategic Merchant – Electronic and Card Not Present – Rate 4 0.70%
Strategic Merchant – Electronic and Card Not Present – Rate 5 0.80%
Strategic Merchant – Electronic and Card Not Present – Rate 6 0.98%
Government & Utilities NZ $0.70
Insurance NZ $1.00
Recurring Payments 0.70%
Contactless - Visa Classic 0.65%
Contactless - Visa Platinum 1.25%
Contactless - Visa Signature 1.37% 
Electronic - Visa Classic 0.85%
Electronic - Visa Platinum 1.85%
Electronic - Commercial 2.00%
Electronic - Visa Signature 1.97% 
Standard - Visa Classic 1.25%
Standard - Visa Platinum 1.85%
Standard - Commercial 2.00%
Standard - Visa Signature 1.97% 

Consumer & Business debit payment cards*

Interchange Fee Program Interchange rate
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%
Government & Utilities  NZ $0.70
Insurance  NZ $1.00
Recurring Payments  0.70%
Electronic 0.20%
Standard - Card Not Present - Visa Consumer 1.10%
Standard - Card Not Present - Visa Commercial 2.00%

*Excludes EFTPOS transactions (defined as face-to-face card present transactions utilizing account selection and PIN, switched domestically to issuer).

Consumer prepaid payment cards

Interchange Fee Program Interchange rate
Charities 0.39%
Strategic Merchant Electronic 0.39%
Strategic Merchant - Card not Present – Rate 1 0.50%
Strategic Merchant - Card not Present – Rate 2 0.55%
Strategic Merchant - Card not Present – Rate 3 0.60%
Strategic Merchant - Card not Present – Rate 4 0.70%
Strategic Merchant - Card not Present – Rate 5 0.80%
Strategic Merchant - Card not Present – Rate 6 0.98%
Government & Utilities NZ $0.70
Insurance NZ $1.00
Recurring Payments 0.70%
Electronic - Visa Consumer 0.60%
Electronic - Visa Commercial 2.00%
Standard - Card Not Present – Visa Consumer 1.25%
Standard - Card Not Present – Visa Commercial 2.00%

Note: All fees are assessed as a percentage of the transaction amount, unless otherwise stated.

For further information please refer to the Visa website.