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Replace EU Currency Field from the Co-Branding Agreement

Replace EU Currency Field from the Co-Branding Agreement and eSign it in minutes

Aug 6th, 2022

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How to Replace EU Currency Field from the Co-Branding Agreement

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What are EU regulations on interchange fees?

Interchange fees for debit card-based payment transactions may not exceed 0.2% of the transactions value. Member States may define a per transaction percentage interchange fee cap lower than 0.2%, or may allow payment service providers to apply a per transaction interchange fee of no more than EUR 0.05.

What is the interchange fee Regulation Brexit?

1. Payment service providers must not offer or request a per transaction interchange fee of more than 0.3% of the value of the transaction for any UK credit card transaction.

What is the interchange regulation in the EU?

The Regulation ensures that interchange fees are capped at a level such that retailers average costs are not higher for card than for cash payments. Therefore, the Regulation caps interchange fees for consumer debit cards to 0.2 % and consumer credit cards to 0.3 % of the value of the transaction.

What is Visa interchange rate in Europe?

On average, interchange fees are around 0.3-0.4% of the transaction amount in Europe and 2% in the US. Card schemes determine interchange fees and are non-negotiable. They are also regularly adjusted. For example, Visa and Mastercard publish new rates in April and October every year.

What is the MIF interchange regulation?

What is the EC MIF Regulation? The EC MIF Regulation (also called the Interchange Fee Regulation / IFR) refers to the regulation of the European Parliament and of the Council on multilateral interchange fees (MIFs) for card-based payment transactions.

What is co-branding agreement?

The typical co-branding agreement involves two or more companies acting in cooperation to associate any of various logos, color schemes, or brand identifiers to a specific product that is contractually designated for this purpose.

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