Interchange The fees listed here are payable by Australian Acquiring Institutions to Australian Issuing Institutions in relation to domestic Visa Credit and Visa Debit card transactions effective 30 June 2007.  Wholesale fee   Rate inclusive of GST    Standard Consumer card Visa Credit transactions Charity rate  0.0%  Visa Merchant Alliance Program rate  0.3300%  Micropayment rate  2.75 cents  Government Electronic rate  33.0 cents  Government Standard rate  81.4 cents  Utility Electronic rate  33.0 cents  Utility Standard rate  81.4 cents  Electronic rate  0.4411%  Express Payments and Small Ticket rate  0.4411%  Recurring Payment Transaction rate  0.4411%  Consumer Chip rate  0.5511%  Standard Rate                                                                   0.6017%   Wholesale fee                                                              Rate inclusive of GST    Premium Consumer card Visa Credit transactions   Charity rate  0.0%  Visa Merchant Alliance Program rate  0.3300%               Premium Electronic rate  0.9900%  Premium Chip rate  1.10000%  Premium Standard rate  0.9900% Wholesale fee                                                              Rate inclusive of GST    Commercial card Visa Credit transactions   Charity rate                   0.0%  Visa Merchant Alliance Program rate  0.3300%               Commercial rate  1.2650% Wholesale fee   Rate inclusive of GST    Visa Debit transactions  Charity rate  0.0%  Micropayment rate  2.75 cents  Government Electronic rate  8.8 cents  Government Standard rate  40.7 cents  Utility Electronic rate  8.8 cents  Utility Standard rate  40.7 cents  Electronic rate  8.8 cents  Electronic Incentive Program rate  4.4 cents  Express Payments and Small Ticket rate  8.8 cents  Recurring Payment Transaction rate  8.8 cents  Standard Rate                                                                  0.3355%       % = % of the transaction value                              Cents = cents per transaction     Different fees apply when a Visa Credit or Visa Debit card transaction involves either an overseas cardholder or an overseas merchant.   Merchants should direct all questions relating to wholesale fees to their Acquiring Institution.     Wholesale fee                                     Definition  Charity rate - Applicable to all transactions initiated at any merchant providing charitable  services, registered by the Australian Tax Office as a Charity, and meeting Visa’s merchant classification requirements.     Visa Merchant Alliance Program (VMAP) rate - Payable on a Visa Credit card transaction initiated at a Visa Merchant Alliance Program (VMAP) enrolled merchant. VMAP program enrolment includes requirements for the merchant to be defined as a government entity; a merchant providing electric, gas, water or sanitary utility services; a merchant providing petrol and/or automated fuel dispensing; merchants classified as supermarkets, department stores, postal service providers; road tolling providers and merchants providing home supplies (hardware). VMAP merchants must meet Visa’s merchant classification requirements applicable to each of these categories. For further details regarding the VMAP Program, including eligibility criteria, processing requirements and applicable conditions of participation, please contact your Australian Acquiring Institution.    Micropayment rate - Payable on a Visa Credit or Visa Debit card transaction initiated at any merchant where the transaction amount is up to or equal to $5.00. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Electronic rate - Payable on a Visa Credit or Visa Debit card transaction initiated at any merchant where a cardholder presents a magnetic stripe card or a chip card, the card is used at an electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply when the Consumer Chip rate or on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Premium Electronic rate - Payable on a Visa Credit card transaction initiated at any merchant where a cardholder presents a premium consumer magnetic stripe card or a chip card, the card is used at an electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply when the Premium Chip rate or Visa Merchant Alliance Program (VMAP) rate applies.    Government Electronic rate - Payable on a Visa Credit or Visa Debit card transaction initiated at any merchant defined as a Government entity (meeting Visa’s merchant classification requirements) where a cardholder presents a magnetic stripe card or a chip card, the card is used at an electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Utility Electronic rate - Payable on a Visa Credit or Visa Debit card transaction initiated at any merchant providing electric, gas, water or sanitary utility services (meeting Visa’s merchant classification requirements) where a cardholder presents a magnetic stripe card or a chip card, the card is used at an electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Electronic Incentive Program rate - Payable when a Visa Debit card ‘Electronic’ transaction is initiated at any enrolled merchant with transactions in aggregate greater than two million for the prior 12 months to 31 October processed through Visa’s systems, who accepts Visa Debit at all of its locations and is enrolled by and has entered into an agreement with its Acquiring Institution to participate in the Visa Debit Electronic Incentive Program.    Consumer Chip rate - Payable on a Visa Credit card transaction initiated at any merchant where a cardholder presents a qualifying standard consumer chip card, the card is used at a non-chip electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply when the Visa Merchant Alliance Program (VMAP) rate applies.    Premium Chip rate - Payable on a Visa Credit card transaction initiated at any merchant where a cardholder presents a qualifying premium consumer chip card, the card is used at a non-chip electronic terminal, all data on the card is successfully transmitted to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply when the Visa Merchant Alliance Program (VMAP) rate applies.    Express Payment and Small Ticket rate - Payable on a Visa Credit or Visa Debit card transaction initiated at an enrolled merchant (meeting Visa’s relevant merchant classification requirements) who has entered into an agreement with their Acquiring Institution to participate in the Express Payment Service or Small Ticket Payment Service, where a cardholder presents a magnetic stripe card or a chip card, the card is used at an electronic terminal , the transaction amount is up to or equal to $35.00, and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Recurring Payment Transaction rate - Payable on a Visa Credit or Visa Debit card transaction initiated at a merchant who has entered into an agreement with their Acquiring Institution to participate in the Recurring Payment Transaction Service, where   the cardholder has signed an agreement with the merchant to authorise the merchant to bill   their Visa card for recurring payments, the transaction details are sent to the Issuing Institution, the Issuing Institution authorises the transaction and the merchant sends the transaction to its Acquiring Institution for clearing and settlement with the Issuing Institution within four days. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Government Standard rate - Applicable to all transactions initiated at any merchant defined as a Government entity (meeting Visa’s relevant merchant classification requirements) that does not qualify for another rate detailed. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Utility Standard rate - Applicable to all transactions initiated at any merchant providing electric, gas, water or sanitary utility services (meeting Visa’s relevant merchant classification requirements) that does not qualify for another rate detailed. Does not apply on a Visa Credit card when the Visa Merchant Alliance Program (VMAP) rate applies.    Premium Standard rate - Applicable to all transactions on a premium consumer card that do not qualify for any other rate detailed.    Standard rate - Applicable to all transactions on a standard consumer card that do not qualify for any other rate detailed.    Commercial rate - Applicable to all transactions on a commercial card, except when the transaction meets the requirement of the Charity rate or the Visa Merchant Alliance Program (VMAP) rate.   Other Key definitions  Commercial card - a generic name given to the following card products: Visa Business Card, Visa Corporate Card, Visa Purchasing Card and Visa Distribution Card    Standard consumer card - a generic name given to the following card products: Visa Classic, Visa Gold and Visa Electron     Premium consumer card – a generic name given to the following card products: Visa Platinum, Visa Infinite and Visa Signature     Acquiring Institution – a Financial Institution which has applied and been granted membership to the Visa Scheme in Australia for the purpose of acquiring payment card transactions in Australia     Issuing Institution – a Financial Institution which has applied and been granted membership to the Visa Scheme in Australia for the purpose of issuing payment cards in Australia     Cardholder – a person who has a Visa credit card issued by an Issuing Institution which is a member of the Visa Scheme in Australia     Merchant – an entity which has entered into an agreement to accept credit cards for the purchase of goods and services with an Acquiring Institution which is a member of the Visa Scheme in Australia     Domestic Visa Credit card transaction – a transaction in Australia between an Australian cardholder and an Australian merchant involving the purchase of goods and services using a Visa Credit card     Domestic Visa Debit  card transaction – a transaction in Australia between an Australian cardholder and an Australian merchant involving the purchase of goods and services using a Visa Debit card

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