Starting 22 April 2022, Visa introduced a new Non-Domestic Currency Settlement Volume Fee for transactions under the following conditions:
- When a transaction is identified as cross-border – Intraregional or Interregional
- When a transaction is settled in a different currency from the local currency of the merchant country where the transaction is completed
Table 1 – Visa Transaction Scenario Guide
Area of Event |
Merchant Country |
Card-Issuing Country |
Settlement Currency |
Fee Applied |
Domestic |
Ireland |
Ireland |
EUR |
No |
Intraregional |
Ireland |
UK |
GBP |
Yes1 |
Interregional |
Ireland |
US |
EUR |
No |
Domestic |
UK |
UK |
EUR |
No |
Intraregional |
UK |
Ireland |
EUR |
Yes1 |
Interregional |
UK |
US |
EUR |
Yes1 |
Table 2 – Visa Non-Domestic Currency Settlement Volume Fee
Fee Name |
Effective Date |
Fee |
VI Non-Dom CCY Stlmnt Fee |
22 April 2022 |
0.02% |
14 April 2023 |
0.05% |
|
12 April 2024 |
0.10% |
1. Refer to Table 2 for the fee applied.
Republished 15 April 2024 | P2024.0353
Updated 15 March 2023 | P2021.0329a
Published 21 March 2022 | P2021.0329a