March and April 2024 – What’s changing?
Mastercard are making changes to their Interchange rates. The changes are effective from 1 March and 1 April 2024 and cover selected domestic credit and debit card types.
New rates effective 1 March
Mastercard credit cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Consumer Elite | Priority 9 |
Transaction type Tokenized Online |
Ex. GST 0.620% |
Inc. GST 0.682% |
| Strategic Merchants 4 | Priority 29 |
Transaction type Supermarket |
Ex. GST 0.300% |
Inc. GST 0.330% |
| Small Business Program | Priority 30 |
Transaction type Card Present |
Ex. GST 0.300% |
Inc. GST 0.330% |
| Small Business Program | Priority 31 |
Transaction type Card Not Present |
Ex. GST 0.300% |
Inc. GST 0.330% |
| Consumer Super Premium | Priority 32 |
Transaction type Tokenized Contactless |
Ex. GST 0.800% |
Inc. GST 0.880% |
| Consumer Super Premium | Priority 33 |
Transaction type Other Card Present |
Ex. GST 0.760% |
Inc. GST 0.836% |
| Consumer Super Premium | Priority 34 |
Transaction type Tokenized Online |
Ex. GST 0.610% |
Inc. GST 0.671% |
| Consumer Super Premium | Priority 35 |
Transaction type Other Card Not Present |
Ex. GST 0.790% |
Inc. GST 0.869% |
| Commercial | Priority 36 |
Transaction type Tokenized Contactless |
Ex. GST 0.720% |
Inc. GST 0.792% |
| Commercial | Priority 37 |
Transaction type Other Card Present |
Ex. GST 0.620% |
Inc. GST 0.682% |
| Commercial | Priority 38 |
Transaction type Tokenized Online |
Ex. GST 0.470% |
Inc. GST 0.517% |
| Commercial | Priority 39 |
Transaction type Other Card Not Present |
Ex. GST 0.620% |
Inc. GST 0.682% |
| Transit Contactless | Priority 40 |
Transaction type Contactless |
Ex. GST 0.300% |
Inc. GST 0.330% |
| Government Services, Utilities,and Insurance | Priority 41 |
Transaction type |
Ex. GST 0.210% |
Inc. GST 0.231% |
| Petroleum | Priority 42 |
Transaction type |
Ex. GST 0.300% |
Inc. GST 0.330% |
| Consumer Premium | Priority 43 |
Transaction type High Spend, Tokenized Contactless |
Ex. GST 0.710% |
Inc. GST 0.781% |
| Consumer Premium | Priority 44 |
Transaction type High Spend, Other Card Present |
Ex. GST 0.600% |
Inc. GST 0.660% |
| Consumer Premium | Priority 45 |
Transaction type High Spend, Tokenized Online |
Ex. GST 0.500% |
Inc. GST 0.550% |
| Consumer Premium | Priority 46 |
Transaction type High Spend, Other Card Not Present |
Ex. GST 0.680% |
Inc. GST 0.748% |
| Consumer Premium | Priority 47 |
Transaction type Tokenized Contactless |
Ex. GST 0.440% |
Inc. GST 0.484% |
| Consumer Premium | Priority 48 |
Transaction type Other Card Present |
Ex. GST 0.340% |
Inc. GST 0.374% |
| Consumer Premium | Priority 49 |
Transaction type Tokenized Online |
Ex. GST 0.210% |
Inc. GST 0.231% |
| Consumer Premium | Priority 50 |
Transaction type Other Card Not Present |
Ex. GST 0.390% |
Inc. GST 0.429% |
| Consumer Standard | Priority 51 |
Transaction type Tokenized Contactless |
Ex. GST 0.200% |
Inc. GST 0.220% |
| Consumer Standard | Priority 52 |
Transaction type Other Card Present |
Ex. GST 0.200% |
Inc. GST 0.220% |
| Consumer Standard | Priority 53 |
Transaction type Tokenized Online |
Ex. GST 0.200% |
Inc. GST 0.220% |
| Consumer Standard | Priority 54 |
Transaction type Other Card Not Present |
Ex. GST 0.200% |
Inc. GST 0.220% |
Mastercard dual network debit cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Small Business Program | Priority 8 |
Transaction type Card Present |
Ex. GST 0.000% + 0.020 |
Inc. GST 0.000% + 0.022 |
| Small Business Program | Priority 9 |
Transaction type Card Not Present |
Ex. GST 0.000% + 0.030 |
Inc. GST 0.000% + 0.033 |
| Bill Payment Program | Priority 10 |
Transaction type |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
| Transit | Priority 11 |
Transaction type Contactless |
Ex. GST 0.000% + 0.060 |
Inc. GST 0.000% + 0.066 |
| Tokenized Contactless | Priority 12 |
Transaction type Low Value (less than or equal to AUD $15) |
Ex. GST 0.000% + 0.050 |
Inc. GST 0.000% + 0.055 |
| Tokenized Contactless | Priority 14 |
Transaction type Other (Greater than AUD 50) |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Standard | Priority 15 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.040 |
Inc. GST 0.000% + 0.044 |
| Premium | Priority 16 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
| Commercial | Priority 17 |
Transaction type Other Card Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Tokenized Recurring | Priority 18 |
Transaction type Recurring |
Ex. GST 0.000% + 0.040 |
Inc. GST 0.000% + 0.044 |
| Recurring Payment | Priority 19 |
Transaction type Recurring |
Ex. GST 0.000% + 0.060 |
Inc. GST 0.000% + 0.066 |
| Tokenized Online | Priority 20 |
Transaction type Online |
Ex. GST 0.100% + 0.000 |
Inc. GST 0.110% + 0.000 |
| Standard | Priority 21 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Premium | Priority 22 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Commercial | Priority 23 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
Mastercard single network debit cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Small Business Program | Priority 8 |
Transaction type Card Present |
Ex. GST 0.000% + 0.020 |
Inc. GST 0.000% + 0.022 |
| Small Business Program | Priority 9 |
Transaction type Card Not Present |
Ex. GST 0.000% + 0.030 |
Inc. GST 0.000% + 0.033 |
| Bill Payment Program | Priority 10 |
Transaction type |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
| Transit Contactless | Priority 11 |
Transaction type Contactless |
Ex. GST 0.000% + 0.060 |
Inc. GST 0.000% + 0.066 |
| Tokenized Contactless | Priority 12 |
Transaction type Low Value (less than or equal to AUD $15) |
Ex. GST 0.000% + 0.080 |
Inc. GST 0.000% + 0.088 |
| Tokenized Contactless | Priority 14 |
Transaction type Other (Greater than AUD 50) |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
| Standard | Priority 15 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.080 |
Inc. GST 0.000% + 0.088 |
| Premium | Priority 16 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.095 |
Inc. GST 0.000% + 0.1045 |
| Commercial | Priority 17 |
Transaction type Other Card Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Tokenized Online | Priority 18 |
Transaction type Online |
Ex. GST 0.100% + 0.000 |
Inc. GST 0.110% + 0.000 |
| Standard | Priority 19 |
Transaction type Other Card Not Present |
Ex. GST 0.150% + 0.000 |
Inc. GST 0.1650% + 0.000 |
| Premium | Priority 20 |
Transaction type Other Card Not Present |
Ex. GST 0.165% + 0.000 |
Inc. GST 0.1815% + 0.000 |
| Commercial | Priority 21 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
Mastercard prepaid cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Small Business Program | Priority 8 |
Transaction type Card Present |
Ex. GST 0.000% + 0.020 |
Inc. GST 0.000% + 0.022 |
| Small Business Program | Priority 9 |
Transaction type Card Not Present |
Ex. GST 0.000% + 0.030 |
Inc. GST 0.000% + 0.033 |
| Standard | Priority 10 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.080 |
Inc. GST 0.000% + 0.088 |
| Premium | Priority 11 |
Transaction type Other Card Present |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
| Commercial | Priority 12 |
Transaction type Other Card Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Standard | Priority 13 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Premium | Priority 14 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
| Commercial | Priority 15 |
Transaction type Other Card Not Present |
Ex. GST 0.200% + 0.000 |
Inc. GST 0.220% + 0.000 |
New rates effective 1 April
Mastercard dual network debit cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Tokenized Contactless | Priority 13 |
Transaction type Medium Value (Greater than AUD $15 and less than or equal to AUD $50) |
Ex. GST 0.000% + 0.090 |
Inc. GST 0.000% + 0.099 |
Mastercard Single Network Debit Cards
| Priority | Transaction type | Ex. GST | Inc. GST | |
|---|---|---|---|---|
| Tokenized Contactless | Priority 13 |
Transaction type Medium Value (Greater than AUD 15 and less than or equal to AUD 50) |
Ex. GST 0.000% + 0.100 |
Inc. GST 0.000% + 0.110 |
What this means for you
Interchange Rate structure changes impact only Interchange Plus pricing merchants. Your cost of accepting payments via these card types may also change.
What you need to do
You don’t need to make any changes. The interchange fee will automatically be applied to Mastercard transactions after the implementation dates advised above. Your March and April statements will reflect this change.
How this affects your cost of acceptance
Depending on the card mix your business accepts, you could see an impact to your cost of acceptance.
The new interchange rates will be applied to your merchant statements and will show your cost of acceptance based on the new rates.
More information about interchange fees
Interchange fees information is published online by Mastercard on 1 March and 1 April 2024.
Find these rates at:
Want to know more?
Visit our interchange categories definitions page for more information.
Get in touch
Contact us
Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.
Visit a NAB branch
Our business bankers are located all around Australia.
Important information
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.