Easter and ANZAC day opening hours
See when we're open over the holiday period

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 15 April 2011, 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 0.65%
Strategic Merchants 2 0.75%
Strategic Merchants 3 0.85%
Government / Utilities 0.70%
Petroleum 0.70%
Education and Learning 0.80%
Recurring Payments 0.70%
Paypass 0.70%
Secure Code Merchant UCAF 1.00%
Secure Code Full UCAF 1.20%
Super Premium 1* 2.20%
Super Premium 2 Titanium* 2.10%
Commercial Premium* 2.20%
Commercial Standard* 2.00%
Consumer Premium (Platinum)* 2.00%
Consumer Electronic 1.00%
Consumer Standard 1.40%

 

Consumer debit and prepaid payment cards
Interchange category Interchange rate
Strategic Merchants 1** 0.40%
Charities 0.00%
PayPass Micropayment (<=NZD 15) NZD 0.004
Government / Utilities 0.70%
Petroleum 0.50%
Recurring Payments 0.70%
Secure Code Merchant UCAF 1.00%
Secure Code Full UCAF 1.20%
Paypass 0.40%
Commercial Prepaid* 1.50%
Commercial Debit* 1.50%
Consumer Electronic – Debit* 1.30%
Consumer Standard - Prepaid 1.30%
Consumer Standard – Debit* 1.30%
Consumer Premium Prepaid* 1.30%
Consumer Premium Debit* 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 Program Interchange rate
Government & Utilities NZ $0.70
Insurance NZ $1.00
Charities 0.39%
Recurring Payments 0.70%
Strategic Merchant Electronic 0.80%
Strategic Merchant - Card Not Present 0.98%
Electronic - Visa Classic & Visa Gold 0.85%
Electronic - Visa Platinum 1.85%
Electronic - Super Premium 2.02%
Electronic - Commercial 2.00%
Standard - Visa Classic & Visa Gold 1.25%
Standard - Visa Platinum 1.85%
Standard - Super Premium 2.02%
Standard - Commercial 2.00%

 

Consumer debit payment cards*
Interchange Fee Program Interchange rate
Strategic Merchant payWave NZ $0.05
Strategic Merchant Electronic 0.39%
Strategic Merchant Standard 0.98%
Charities 0.39%
Government & Utilities Standard NZ $0.70
Insurance Standard NZ $1.00
Recurring Payment Standard 0.70%
Electronic 0.60%
Standard - Card Not Present & Paper 1.25%

*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
Strategic Merchant Electronic 0.39%
Strategic Merchant Standard 0.98%
Charities 0.39%
Government & Utilities NZ $0.70
Insurance NZ $1.00
Recurring Payment 0.70%
Electronic 0.60%
Standard - Card Not Present & Paper 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.