PIN Debit Network Fee Schedule Fall 2010
With 2010 debit fee updates, signature debit and pin debit potentially can cost about the same to merchants. 70% of pin debit transactions recently qualifed for either .95% + $.235 per transaction or .80% + $.2125. With Visa signature debit interchange now at .95% and $.15 per transaction, the cash benefit of pin debit transactions has eroded.
However, it’s important to look at your payment processing price plan. Are you paying percentage merchant discount on both debit and credit transactions, or just credit?
Pin debit benefits include reduced risk. Consumers cannot initiate a chargeback on a pin-debit transaction, but they can on a signature debit.
The list below is a compilation from various sources. If you have interchange pass-through pricing, these are listed under “interchange costs” on your merchant statement. Interchange costs are hard costs and do not include any processor fees. Please recognize that processors also have a cost of doing business, plus a profit margin, so your actual costs will be higher.
|
|
| Debit Network |
| Interchange Rate |
Interchange Rate Cap |
|
Switch Fee |
|
| Star * |
| Retail |
80 BPS + $0.17 |
No Cap |
|
$0.0325 |
|
|
| Insurance, Education, Loans |
65 BPS + $0.13 |
$1.50 |
|
$0.0325 |
|
| QSR (MCC 5814) |
125 BPS + $0.15 |
No Cap |
|
$0.0325 |
|
| Utilities,Telephone,Cable |
65 BPS + $0.13 |
$2.00 |
|
$0.0325 |
|
| Petroleum (CAT) |
80 BPS + $0.13 |
No Cap |
|
$0.0325 |
|
|
| Interlink |
| Retail |
95 BPS + $0.20 |
No Cap |
|
$0.0400 |
|
| Supermarket |
95 BPS + $0.20 |
$0.35 |
|
$0.0400 |
|
| Quasi Cash – 4829,6051,7995 |
2.30% of gross transaction amt + $0.10 |
No Cap |
|
$0.0400 |
|
| InterRegional Fee 1.10% |
|
| Pulse * |
| All Segments (except below) |
74 BPS + $0.10 |
No Cap |
|
$0.0800 |
|
| Supermarket |
$0.2150 |
$0.2150 |
|
$0.0800 |
|
| BillPay one-time |
64 BPS + $0.12 |
$0.55 |
|
$0.0600 |
|
| BillPay Recurring |
59 BPS + $0.12 |
$0.45 |
|
$0.0600 |
|
| Small Ticket |
$0.0155 |
No Cap |
|
$0.0300 |
|
|
|
NYCE – POS (Point of Sale)
|
| Interchange Category |
Non-Premier Issuer Interchange Rate |
Premier Add-on |
Premier Issuer Interchange Rate |
|
| All Other Tier 3 |
90 BPS + $0.12
(minimum $0.21) |
$0.06 |
90 BPS + $0.18
(minimum $0.27) |
|
| Supermarket Tier 3 |
90 BPS + $0.14 (minimum $0.21, maximum $0.29) |
$0.06 |
90 BPS + $0.20 (minimum $0.27, maximum $0.35) |
|
| Petroleum Tier 3 |
85 BPS + $0.10 (minimum $0.22, maximum $0.85) |
$0.05 |
85 BPS + $0.15 (minimum $0.27, maximum $0.90) |
|
| Small Ticket |
125 BPS |
$0.04 |
125 BPS + $0.04 |
|
|
NYCE* – PIN-LESS DEBIT also known as DIRECT BILL PAYMENT
|
| Tier |
Merchant Type Description |
|
Non-Premier Interchange |
Premier Add-on |
Premier Interchange |
|
| A |
Residential utility services |
|
Flat $0.55 |
$0.05 |
Flat $0.60 |
|
| B |
Rent, rental storage, secured and unsecured loans, property maintenance, home security, pest control, mass transit, government |
|
60 BPS + $0.15
($0.95 maximum) |
$0.05 |
60 BPS + $0.20
($1.00 maximum) |
|
| C |
Education, Prescription refills |
|
75 BPS + $0.15
($1.95 maximum) |
$0.05 |
75 BPS + $0.20
($2.00 maximum) |
|
| D |
Collections (Financial Services-only) |
|
135 BPS + $0.15
(No maximum) |
$0.05 |
135 BPS + $0.20
(No maximum) |
|
| E |
Digital media subscriptions & Internet service providers |
|
100 BPS + $0.02
(No maximum) |
$0.05 |
100 BPS + $0.07
(No maximum) |
|
| F |
Telecommunications |
|
110 BPS
(No maximum) |
$0.05 |
110 BPS + $0.05
(No maximum) |
|
| G |
Cable & satellite TV, radio & insurance |
|
70 BPS + $0.15
(No maximum) |
$0.05 |
70 BPS + $0.20
(No maximum) |
|
| Maestro |
|
| Retail |
90 BPS + $0.15 |
$0.35 |
|
$0.0250 |
|
| Supermarket |
105 BPS + $0.15 |
$0.35 |
|
$0.0250 |
|
|
|
| Accel * |
| All Other |
90 BPS + $0.225 |
No Cap |
|
$0.0300 |
|
| Supermarket |
$0.3550 |
No Cap |
|
$0.0300 |
|
| QSR (MCC 5814) |
120 BPS + $0.185 |
$0.45 |
|
$0.0300 |
|
| Petroleum |
85 BPS + $0.175 |
No Cap |
|
$0.0300 |
|
| Convenience Payout |
125 BPS + $0.08 |
$0.75 |
|
$0.0300 |
|
|
| Shazam |
| Retail |
75 BPS + $0.15 |
No Cap |
|
$0.0400 |
|
| Supermarket |
90 BPS + $0.16 |
$0.35 |
|
$0.0400 |
|
| QSR (MCC 5814) |
125 BPS + $0.05 |
No Cap |
|
$0.0400 |
|
| Small Ticket |
125 BPS + $0.05 |
No Cap |
|
$0.0400 |
|
* These networks offer pin-less debit.
Accell Effective November 1, 2010
ACCEL “All Other PINless” Bill Payments Cap 0.80% + $0.25, cap $1.75
According to ATM debit news, Interlink, Star, Pulse, and NYCE have the largest the market share for PIN based POS debit transactions. The shares are Interlink 39.8%, Star 30%, Pulse 10.7%, NYCE 10.1% and rest other 15%, as of March 2008.
CenPOS will dynamically route pin debit transactions to the lowest cost network, in compliance with the rules that apply for that card. What does that mean? If a consumer card can be used on three debit networks (see logos on back of card), including for example- Interlink, and there is a rule that Interlink must be used first if the transaction is in the state of Alabama, then the transaction is routed to the Interlink network if the transaction is in Alabama. However, if there are no applicable rules, then the transaction will be routed to the lowest cost network, such as Star, for example.
