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RBA Glossary definition for interchange fee

interchange fee – A fee paid between card issuers and acquirers when cardholders make transactions.

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Summary

11 Feb 2020 DOCX 175KB
25. The RBA substantially reduced interchange fees with affect from 1 July 2017. ... Q11: Should regulation of interchange be extended to inter-regional interchange fees (i.e.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX

Submission for the Review of Retail Payments Regulation

11 Feb 2020 DOCX 33KB
The benchmark 8c per transaction would remain the same. According to the above standard, the interchange fees can be a fixed fee of up to 15c per transaction, no matter how ... Although it can be a variable fee of up to 0.2% instead, there’s nothing
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX

19 February 2020 Tony Richards Head of Payments Policy ...

19 Feb 2020 DOCX 95KB
No, Cuscal disagrees with the assertions that interchange fees should be lowered or removed altogether. ... Q11: Should regulation of interchange be extended to inter-regional interchange fees (i.e.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX

29th January 2020 Head of Payments Policy Department Reserve ...

11 Feb 2020 DOCX 103KB
Critical to any new regulatory landscape in this space will be transparency in pricing for all participants, for all fees including but not limited to interchange fees. ... Should regulation of interchange be extended to inter-regional interchange fees (i
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/australasian-association-of-convenience-stores.DOCX

A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
Interchange and Net Compensation Regulation. Q11: Should regulation of interchange be extended to inter-regional interchange fees (i.e. ... fees? In principle, subject to further evidence about consumer implications, we support the regulation of
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC

Review of Retail Payments Regulation Saurav Dutta, Lien Duong, ...

11 Feb 2020 DOCX 23KB
Afterpay charges the merchant a fee of 3 to 6% of the value of the transaction, plus 30 cents for every single purchase. ... percent fee and have long been wanting to pass this cost to consumers but cannot due to BNPL agreements in place which prohibit
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/curtin-university.DOCX