Interchange

1. INTERCHANGE FEE

REGULATION (EU) 2015/751

Interchange or Multilateral Interchange Fees (MIFs) are the part of the discount which credit card organisations retain and are paid by the bank which issued the card. These fees vary depending on the type of card, country of origin and type of transaction (NFC, chip, magnetic stripe, MO/TO). MIFs for European consumer cards are regulated as standard with the help of EU regulation 2015/751.

You can find further information here:

VISA/VPAY

Mastercard / Maestro

EU regulation

EU COMPETITION COMMISSION

On 29th April 2019, the EU Commission reached an agreement with the credit card organisations to cap charges for non-European consumer cards, in order to close the competition proceedings AT 39398 (Visa) and AT 40049 (MasterCard).

You can find further information here:

VISA/VPAY

Mastercard / Maestro

EU Commission

 

2. INDIKATIVE SCHEME FEE (MISCELLANEOUS FEE)

This fee is paid by the Acquirer (merchant bank) to the card organisations and depends on several factors. Card Scheme Fees are paid directly to the credit card organisations for the provision of the network (transaction deduction) or other services (marketing, innovation).

 

3. ACQUIRING FEE

The Acquirer (hobex) collects a fee for providing the payment service. This is composed of a % rate and a transaction fee and covers the costs for the computer centre, settlement and support.

In addition, the following costs may also be incurred for transactions: E-Commerce Fee, Moto Fee, Global Wholesale Program Fees, Chargeback Fees

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