After Brexit, what has changed for UK merchants accepting payments from EEA-issued cards?

As of January 2021, the United Kingdom has left the European Economic Area (EEA). As a result, Visa and Mastercard have made some changes to the fees that they charge for card transactions. These changes affect merchants who are legally registered in the UK.

Beginning 15 October 2021, Visa has changed the interchange fees they charge UK merchants. For UK merchants to accept card-not-present transactions from EEA-issued consumer cards, the transaction charges from Visa will increase to 1.15% for debit cards (up from 0.20%) and to 1.50% for credit cards (up from 0.30%).  For UK merchants to accept card-not-present transactions from EEA-issued commercial cards, the transaction charges will increase to 1.60-1.80% depending on the type of commercial card.

Mastercard and Amex are not changing the interchange fees it charges to UK merchants for card-not-present transactions from EEA-issued cards.

Currently, our standard prices for card transactions for UK merchants are:

Type of credit card transaction

Rate per transaction

UK and EEA consumer cards

1.8% + 0.25

Commercial cards and consumer cards issued outside of the UK and EEA

2.8% + €0.25