Domestic business debit interchange fees will be updated in hungary

VISA 01/05/2019

What is changing?

Visa will update domestic Business Debit (Immediate Debit and Prepaid) interchange fees in Hungary.

What does the change mean?

See the table below for the new rates:

Fee Type Rate
EMV Chip 1.35%
E-commerce 1.45%
Standard 1.60%

Currently the rate is 0.75% for the above fee types.

How will this affect you?

The impact depends on the pricing model. The above rates will be passed on directly to merchants with IC+ and IC++ pricing models.

Effective date.

January 25, 2020