Interchange Fee Regulation for UK

  • What is myPOS Blended Service Fee?

    The myPOS Blended Service Fee simplifies the fees payable for transactions by combining various charges into a single, easy-to-understand rate. This fee includes several components, such as Interchange and Scheme Fees, which are grouped into one rate fo...

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  • What are Interchange and Scheme Fees?

    When myPOS processes a transaction, it is required to pay a fee known as Interchange to the card issuer. This fee is determined by the relevant card scheme (e.g., Mastercard or Visa) and is paid to the customer’s card issuer. Additionally, myPOS pays fe...

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