Interchange Fee Regulation for UK

  • What is myPOS Blended Service Fee?

    As described in our section ‘What are Interchange and Scheme Fees?’, there can be a confusing number of different fees that are charged by the Card Schemes depending on the type of transaction involved. We aim to simplify the information provided to you...

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  • What are Interchange and Scheme Fees?

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

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