Under this heading we aim to regularly inform you about ongoing or expected evolutions having impacts on commission rates.

Article 1 : Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions. Definitions and commission rate.

In this first article we wanted to state some important definitions for the understanding of the new regulations within the EU as well as to remind the average applicable interchange rates.

Debit card transaction

Means a card-based payment transaction, including those with prepaid cards that is not a credit card transaction.

  Interchange average rate: 0,20%

Credit card transaction

Means a card-based payment transaction where the amount of the transaction is debited in full or in part at a pre agreed specific calendar month date to the payer, in line with a prearranged credit facility, with or without interest.

 Interchange average rate : 0,30%

 Commercial card

Means any card-based payment instrument issued to undertakings or public sector entities or self-employed natural persons which is limited in use for business expenses where the payments made with such cards are charged directly to the account of the undertaking or public sector entity or self-employed natural person.

  No interchange rate defined

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