What is changing?
A new fee is being introduced for Card Not Present (CNP) within the Single European Payments Area (SEPA) and an incremental Mail Order/Telephone Order (MOTO) fee.
What does the change mean?
The new CNP fee applies to all CNP transactions, which includes MOTO transactions. The CNP fee will NOT apply to Intra-European transactions where the country codes of the merchant and the issuer are both in the extended Eurozone (Euro-countries and Sweden) and the transaction currency is euros (EUR).
How will this affect you?
See rates in below table:
- 9 July 2018 for most countries
- 7 January 2019 for Andorra, Belgium, France, Italy, Netherlands, Portugal and Spain