Payment Card Reform Framework (PCRF) - Interchange Fee Adjustment
Interchange Fee Adjustment for Domestic Payment Card Transactions
Further to the domestic payment card transactions interchange fee introduced from 1 July 2015, the credit card interchange fee (IF) ceiling is adjusted as follow effective 01 January 2023:-
| Card Type |
Interchange Fee |
|---|---|
| Credit Card |
0.60% |
| Visa/Mastercard Debit Card |
0.27% OR RM0.63 + 0.001% (whichever is lower) |
| Visa/Mastercard Prepaid Card |
0.39% OR RM1.28 + 0.001% (whichever is lower) |
| MyDebit Debit Card |
0.10% OR RM0.37 + 0..001% (whichever is lower) |
*Excluding Petrol and Government Sector Transactions / Charity Transactions
The current Merchant Discount Rates (MDRs) enjoyed have taken into account the revision to the domestic interchange fee based on the current sales volume generated and other variable cost involved in the process.
Subsequent changes to the domestic interchange fee would be reflected at the respective payment card network websites.
For more information on the interchange fees, please refer to:
Card Type |
Interchange Fee |
|---|---|
Visa International |
https://www.visa.com.my/run-your-business/small-business-tools/interchange.html |
Mastercard |
https://www.mastercard.com.my/en-my/about-mastercard/what-we-do/interchange.html |
| MyDebit | https://www.paynet.my/business-mydebit.html |