The following tables set forth the Visa maximum interchange reimbursement fees applicable to New Zealand-acquired transactions.
 
Visa uses interchange reimbursement fees as transfer fees between issuers and acquirers to balance and grow the payment system for the benefit of all participants. Merchants do not pay interchange reimbursement fees; merchants pay a "merchant discount fee" to their acquirer. This is an important distinction, because merchants buy a variety of processing services from financial institutions; all of these services may be included in their merchant discount rate.

Please note that there are specific technical and other criteria that each transaction must meet in order to qualify for the different rate categories. Transactions which do not meet the processing criteria for a specific program will not be subject to that maximum rate, but instead will be subject to the Standard interchange maximum rate.
 

Visa New Zealand National Net Maximums - Consumer Credit and Commercial Products Interchange Reimbursement Fees

Fee Program	Visa Classic  Visa Gold	Visa Platinum	All Commercial Products (Corporate, Purchasing, Business)
Industry Program – Charities (MCC 8398)	0.39%
Industry Program – Government & Utilities	NZ$0.70
Industry Program – Insurance	NZ$1.00
Industry Program – Recurring Payment	0.70%
Industry Program – Strategic Merchant   Electronic	0.80%
Industry Program – Strategic Merchant  (Card Not Present)	0.98%
Electronic	0.85%	1.85%	2.00%
Standard	1.25%	1.85%	2.00%

 
Fees paid by the Acquirer to the Issuer on purchase transactions, except as noted
 
 

Interchange Reimbursement Fee Hierarchy

Industry program apply to all cards and take precedence over Electronic or Standard rate.  
 
 

Visa New Zealand National Net Maximums - Consumer Debit Products Interchange Reimbursement Fees

Debit Transactions*
All Products
Strategic Merchant Standard Rate	0.98%
Strategic Merchant - Card Present	0.39%
Government & Utilities Standard Rate	NZ$0.70
Insurance Standard Rate	NZ$1.00
Industry Program – Charity	0.39%
Recurring Payment Standard Rate	0.70%
Electronic – Card Present	0.60%
Standard Rate (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)
 
 

Visa New Zealand National Net Maximums - Consumer Prepaid Products Interchange Reimbursement Fees

Prepaid Transactions
All Products
Strategic Merchant Electronic Rate	0.39%
Strategic Merchant Standard Rate	0.98%
Industry Program – Government and Utilities	NZ$0.70
Industry Program – Insurance	NZ$1.00
Industry Program – Charity	0.39%
Recurring Payment	0.70%
Electronic – Card Present	0.60%
Standard Rate (Card Not Present and Paper)	1.25%

 
 

New Zealand Issuer Domestic Interchange Rates

The domestic interchange rates of New Zealand issuers can be found at the following links: 
 
ANZ National
ASB 
BNZ
Citibank 
Kiwibank
NZ Post
TSB 
Westpac New Zealand