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					Reserve Bank of Australia                                                                                 2d27cebc-7ac6-4210-b27d-b5c346f9e8ea.xls
              A               B             C             D            E            F          G               H           I         J
   1 C3 MERCHANT FEES FOR CREDIT AND CHARGE CARDS
   2 Per cent of purchase value
   3 Some of these series are affected by series breaks. See the Series breaks worksheet for details.
   4                       Bankcard, MasterCard and Visa                      American Express                       Diners Club
   5                      Merchant         Other          Total       Merchant      Other         Total    Merchant     Other      Total
   6                       service                                     service                              service
   7                         fees                                        fees                                fees
   8
   9   Last updated:      12-Apr-12       12-Apr-12     12-Apr-12     12-Apr-12    12-Apr-12 12-Apr-12     12-Apr-12   12-Apr-12 12-Apr-12
  10      Source             RBA            RBA            RBA           RBA         RBA           RBA       RBA         RBA       RBA
  11    Mnemonic        CMFCBMVMS CMFCBMVO CMFCBMVT CMFCAEMS CMFCAEO CMFCAET CMFCDCMS CMFCDCO CMFCDCT
  12        Mar-2003              1.40           0.04          1.45         2.48        0.03          2.51       2.36        0.00      2.36
  13        Jun-2003              1.38           0.04          1.43         2.46        0.03          2.50       2.36        0.00      2.36
  14        Sep-2003              1.40           0.04          1.44         2.45        0.03          2.48       2.35        0.00      2.35
  15        Dec-2003              1.14           0.04          1.18         2.46        0.03          2.49       2.37        0.00      2.37
  16        Mar-2004              1.02           0.06          1.08         2.45        0.03          2.48       2.32        0.00      2.32
  17        Jun-2004              0.98           0.05          1.03         2.39        0.03          2.42       2.28        0.00      2.28
  18        Sep-2004              0.97           0.06          1.02         2.38        0.03          2.41       2.32        0.00      2.32
  19        Dec-2004              0.99           0.06          1.04         2.38        0.03          2.41       2.34        0.00      2.34
  20        Mar-2005              0.93           0.06          0.99         2.36        0.03          2.39       2.30        0.00      2.30
  21        Jun-2005              0.91           0.06          0.97         2.36        0.03          2.38       2.31        0.00      2.31
  22        Sep-2005              0.92           0.05          0.97         2.35        0.02          2.37       2.29        0.00      2.29
  23        Dec-2005              0.93           0.05          0.98         2.30        0.01          2.32       2.33        0.00      2.33
  24        Mar-2006              0.90           0.06          0.96         2.26        0.01          2.27       2.25        0.00      2.25
  25        Jun-2006              0.89           0.06          0.95         2.26        0.01          2.28       2.27        0.00      2.27
  26        Sep-2006              0.88           0.06          0.94         2.21        0.01          2.22       2.26        0.00      2.26
  27        Dec-2006              0.86           0.06          0.92         2.18        0.01          2.19       2.17        0.00      2.17
  28        Mar-2007              0.86           0.07          0.92         2.18        0.01          2.19       2.16        0.00      2.16
  29        Jun-2007              0.82           0.07          0.89         2.16        0.01          2.17       2.17        0.00      2.17
  30        Sep-2007              0.82           0.07          0.88         2.17        0.01          2.18       2.19        0.00      2.19
  31        Dec-2007              0.81           0.06          0.87         2.15        0.01          2.16       2.17        0.00      2.17
  32        Mar-2008              0.80           0.07          0.86         2.12        0.01          2.13       2.13        0.00      2.13
  33        Jun-2008              0.80           0.07          0.87         2.11        0.02          2.12       2.13        0.00      2.13
  34        Sep-2008              0.80           0.06          0.86         2.10        0.01          2.11       2.13        0.00      2.13
  35        Dec-2008              0.80           0.06          0.87         2.03        0.01          2.04       2.13        0.00      2.13
  36        Mar-2009              0.81           0.07          0.88         2.00        0.01          2.01       2.07        0.00      2.07
  37        Jun-2009              0.82           0.07          0.89         2.00        0.01          2.00       2.13        0.00      2.13
  38        Sep-2009              0.81           0.06          0.87         1.96        0.01          1.97       2.16        0.00      2.16
  39        Dec-2009              0.80           0.06          0.86         1.93        0.01          1.94       2.13        0.00      2.13
  40        Mar-2010              0.81           0.07          0.88         1.93        0.01          1.94       2.13        0.00      2.13
  41        Jun-2010              0.80           0.07          0.87         1.92        0.01          1.93       2.11        0.00      2.11
  42        Sep-2010              0.81           0.07          0.88         1.92        0.01          1.93       2.12        0.00      2.12
  43        Dec-2010              0.82           0.06          0.88         1.90        0.01          1.91       2.11        0.00      2.11
  44        Mar-2011              0.81           0.07          0.87         1.88        0.01          1.89       2.10        0.00      2.10
  45        Jun-2011              0.81           0.07          0.87         1.88        0.01          1.89       2.10        0.00      2.10
  46        Sep-2011              0.80           0.06          0.86         1.87        0.01          1.88       2.11        0.00      2.11
  47        Dec-2011              0.81           0.05          0.86         1.85        0.01          1.86       2.11        0.00      2.11
  48        Mar-2012
  49        Jun-2012




5/16/2012 4:35 AM                                                          Page 1
C3 Merchant Fees for Credit and Charge Cards

The data report average merchant fees paid by merchants to acquiring institutions as a per cent of purchase value.
These fees are net of rebates and GST and include fees arising from general-purpose credit cards and charge cards
issued to individuals or businesses under the Bankcard, MasterCard, Visa, American Express and Diners Club card
schemes. The ‘Bankcard, MasterCard and Visa’ merchant fees include fees arising from the debit card transactions
processed through the MasterCard or Visa networks. The Bankcard scheme closed in January 2007. The figures for
‘Bankcard, MasterCard and Visa’ for quarters up to and including the March quarter 2007 include Bankcard data.
Acquirers report merchant fee income that arises from domestic merchants from card transactions initiated by
domestic and foreign cardholders.


Data are sourced from the monthly retail payments statistics card acquiring return, and a separate, quarterly
merchant fee survey completed by nine acquirers of credit and charge card transactions. Series are not seasonally
adjusted, and they are subject to revision from time to time.

‘Merchant service fees’ include ad valorem or flat fees that relate to the value or number of transactions acquired.

‘Other’ fees include annual fees, terminal fees, terminal rentals, monthly fees, joining fees and other fees or
associated costs charged to merchants.


Purchase value includes the value of total card-present transactions arising from electronic point of sale and voucher-
based purchases, and the value of total card-not-present transactions arising from internet, mail or telephone
purchases; more detail on these categories can be found in the Retail Payment Statistics Collection on the Reserve
Bank website at <http://www.rba.gov.au/payments-system/resources/statistics/retail-paymts-stat-collect/trans-card-
acquiring.html>.
C3 Breaks in series
Three break types are identified:    A - Breaks in series due to the establishment of new banks. All new banks shown. Date refers to the first month in which the institution reported as a bank.
                                     B - Breaks in series due to other changes in bank reporting. Some smaller breaks are not listed.
                                     C - Breaks in series due to changes in the coverage and reporting of non-banks. Other than the counterpart breaks associated with the conversion of NBFIs to banks and transfer of assets and liabilities from NBFIs to banks. Some smaller breaks are not listed.
Prior to January 2007, details about each of these breaks at each point in time are available in       'Historical series breaks'.
A more detailed explanation of the impact of breaks is contained in 'Technical Note: Series Breaks in Bank, NBFI and Financial Aggregate Tables' in the December 1992 Bulletin .

     Date            Break type     Series title                                                                                  Details
   Jun-2009              C          All series                                                                                    Reporting change: Reporting change by a non-bank.
   Sep-2011              B          Bankcard, MasterCard and Visa 'Other' fees                                                    Reporting change: Reporting change by a bank decreased the value of Bankcard, MasterCard and Visa 'Other' fees.

				
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