Scheme fees are various charges imposed by card schemes (e.g., Mastercard, Visa) for accessing their systems, processing transactions, producing reports, and other services.
The specific fees depend on several factors, including:
Card Brand: Different brands such as Mastercard, Visa, etc.
Card Type: Whether the card is a consumer card or a commercial card.
Issuing Country: The country where the card was issued.
myPOS covers these fees on behalf of merchants, incorporating them into its transaction fees, meaning you are not separately billed for scheme fees.
For detailed information on interchange and scheme fees, you can refer to the respective card schemes such as VISA, Mastercard, and others.