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 18 October 2014, 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 categoryInterchange rate
Charities 0.00%
Strategic Merchants 1 0.55%
Strategic Merchants 2 0.65%
Strategic Merchants 3 0.75%
Paypass / Contactless Payments 0.55%
Government / Utilities 0.70%
Petroleum 0.60%
Education and Learning 0.80%
Recurring Payments 0.70%
Secure Code Merchant UCAF 1.00%
Secure Code Full UCAF 1.20%
Consumer Elite 2.35%
Super Premium 1* 2.35%
Super Premium 2 Titanium* 2.10%
Consumer Premium (Platinum)* 2.15%
Commercial Premium* 2.20%
Commercial Standard* 2.00%
Consumer Electronic 1.00%
Consumer Standard 1.40%

Consumer debit payment cards

Interchange categoryInterchange rate
Charities 0.00%
PayPass Contactless Micropayment (<=NZD 15) NZD 0.004
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%
Paypass / Contactless Payments 0.40%
Government / Utilities 0.50%
Petroleum 0.50%
Recurring Payments 0.70%
Secure Code Merchant UCAF 1.00%
Secure Code Full UCAF 1.20%
Consumer Premium Debit* 1.30%
Commercial Debit* 1.50%
Consumer Electronic – Debit* 0.50%
Consumer Standard – Debit* 1.30%

Consumer prepaid payment cards

Interchange categoryInterchange rate
Charities 0.00%
PayPass Contactless Micropayment (<=NZD 15) NZD 0.004
Strategic Merchants 1** 0.40%
Strategic Merchants 2** 0.40%
Strategic Merchants 3** 0.40%
Paypass / Contactless Payments 0.40%
Government / Utilities 0.50%
Petroleum 0.50%
Recurring Payments 0.70%
Secure Code Merchant UCAF 1.00%
Secure Code Full UCAF 1.20%
Consumer Premium Prepaid* 1.30%
Commercial Prepaid* 1.50%
Consumer Electronic – Prepaid* 0.50%
Consumer Standard – Prepaid* 1.30%

Note: All fees are assessed as a percentage of the transaction amount, unless otherwise stated.
* BNZ does not currently issue these types of MasterCard branded payment cards.
** Debit product processed in a Card Not Present environment and Prepaid products processed in a Card Present and Not Present environment.

For further information please refer to MasterCard's website.

Paypass - Available for all PayPass tapped transactions equal to or less than NZ$80, other than for Charities, Strategic Merchants and Commercial Cards.

Visa

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

Consumer credit & commerical payment cards

Interchange Fee ProgramInterchange rate
Government & Utilities NZ $0.70
Insurance NZ $1.00
Charities 0.39%
Recurring Payments 0.70%
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 0.70%
Strategic Merchant – Electronic and Card Not Present – Rate 4 0.80%
Strategic Merchant – Electronic and Card Not Present – Rate 5 0.98%
Electronic - Visa Classic & Visa Gold 0.85%
Electronic - Visa Platinum 1.85%
Electronic - Commercial 2.00%
Standard - Visa Classic & Visa Gold 1.25%
Standard - Visa Platinum 1.85%
Standard - Commercial 2.00%

Consumer debit payment cards*

Interchange Fee ProgramInterchange rate
Charities 0.39%
Strategic Merchants – Card Present – Rate 1 NZ $0.04
Strategic Merchants – Card Present – Rate 2 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 0.70%
Strategic Merchants – Card Not Present – Rate 4 0.80%
Strategic Merchants – Card Not Present – Rate 5 0.98%
Government & Utilities Standard NZ $0.70
Insurance Standard NZ $1.00
Recurring Payment Standard 0.70%
Electronic 0.30%
Standard - Card Not Present - Visa Consumer 1.25%
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 ProgramInterchange 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 0.70%
Strategic Merchant - Card not Present – Rate 4 0.80%
Strategic Merchant - Card not Present – Rate 5 0.98%
Government & Utilities NZ $0.70
Insurance NZ $1.00
Recurring Payment 0.70%
Electronic - Visa Consumer 0.60%
Standard - Card Not Present & Paper – Visa Consumer 1.25%

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

For further information please refer to Visa's website.