Interchange Fee Regulation for UK

What are scheme fees?
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...
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What is interchange?
Interchange is a fee paid by card acquirers, such as myPOS, to the financial institution that issues the customer's card whenever a sale is processed. This fee is determined by the relevant card scheme (e.g., Visa, Mastercard) and is paid to your custom...
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What is unblended tariff?
An unblended tariff, according to the Interchange Fee Regulation (IFR), is a pricing structure where transaction prices are stated separately for each card scheme (e.g., Visa, Mastercard) and each of three card categories (Consumer Prepaid & Debit, Cons...
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