On 1 December 2025, Visa will update domestic credit, debit, and prepaid interchange rates in New Zealand, as follows:
Table 1 – Visa Updated Domestic Maximum Credit Interchange
Fee Program |
New Visa Classic/ |
New Visa Platinum Rates |
New Visa Commercial Rates |
Industry Fee Program – Charities |
0.30% |
0.30% |
0.30% |
Strategic Merchant Verification Value (MVV)-Based Fee Program – Commercial Card Present (CP) and Card Not Present (CNP) – Tier 1 |
Will no longer apply |
Will no longer apply |
0.80% |
Strategic MVV-Based Fee Program – Consumer CNP and Commercial CP and CNP – Tier 2 |
0.65% |
0.65% |
0.65% |
Strategic MVV-Based Fee Program – Consumer CNP and Commercial CP and CNP – Tier 3 |
0.60% |
0.60% |
0.60% |
Strategic MVV-Based Fee Program – Consumer CNP and Commercial CP and CNP – Tier 4 |
0.50% |
0.50% |
0.50% |
Strategic MVV-Based Fee Program – Consumer CNP and Commercial CP and CNP – Tier 5 |
0.45% |
0.45% |
0.45% |
Recurring Payments Program1 |
Will no longer apply |
Will no longer apply |
0.70% |
Contactless Fee Program |
0.30% |
0.30% |
2.00% |
Electronic Fee Program2 |
0.30% |
0.30% |
2.00% |
Tokenized Online Fee Program |
0.70% |
0.70% |
2.00% |
Standard Fee Program3 |
0.70% |
0.70% |
2.00% |
Table 2 – Visa Updated Domestic Maximum Debit Interchange
Fee Program |
New Visa Consumer and |
Visa Fallback Debit Contact Card Present Fee Program |
0.00% |
Industry Fee Program – Charities |
0.20% |
Strategic MVV-Based Fee Program – CP Tier 1 |
0.05 NZD, capped at 0.20% |
Strategic MVV-Based Fee Program – CP Tier 2 |
0.04 NZD, capped at 0.20% |
Strategic MVV-Based Fee Program – CP Tier 3 |
0.03 NZD, capped at 0.20% |
Strategic MVV-Based Fee Program – CP Tier 4 |
0.02 NZD, capped at 0.20% |
Strategic MVV-Based Fee Program – CNP Tier 1 |
0.50% |
Strategic MVV-Based Fee Program – CNP Tier 2 |
0.45% |
Electronic Fee Program2 |
0.20% |
Tokenized Online Fee Program |
0.60% |
Standard Fee Program3 |
0.60% |
Table 3 – Visa Updated Domestic Maximum Prepaid Interchange
Fee Program |
New Visa Consumer Rates |
New Visa Commercial Rates |
Industry Fee Program – Charities |
0.39% |
0.39% |
Strategic MVV-Based Fee Program – CP Tier 1 |
0.39% |
0.39% |
Strategic MVV-Based Fee Program – CNP Tier 1 |
0.80% |
0.80% |
Strategic MVV-Based Fee Program – CNP Tier 2 |
0.65% |
0.65% |
Strategic MVV-Based Fee Program – CNP Tier 3 |
0.60% |
0.60% |
Strategic MVV-Based Fee Program – CNP Tier 4 |
0.50% |
0.50% |
Strategic MVV-Based Fee Program – CNP Tier 5 |
0.45% |
0.45% |
Recurring Payments Program1 |
0.70% |
0.70% |
Electronic Fee Program2 |
0.60% |
2.00% |
Tokenized Online Fee Program |
1.25% |
2.00% |
Standard Fee Program3 |
1.25% |
2.00% |
1. Currently, the Recurring Payment Fee Program consists of a Tokenized Recurring fee and a Recurring Payments fee. The Tokenized Recurring fee will be retired and the Recurring Payments fee will be updated as outlined above.
2. Applicable for card-present (CP) only.
3. Applicable for card-not-present (CNP) only.
Published 15 October 2025 | P2025.2129