Scope of application of the ServiRed Intra-network interchange rates
ServiRed’s interchange rates are applied to transactions in which the parties intervening as issuer and acquirer are members of ServiRed.
Procedure for assigning ServiRed intra-network interchange rates for consumer cards
Maximum values for ServiRed’s interchange rates for consumer cards are those established by Law 18/2014 of 15th October, as indicated below:
Consumer Cards (maximum interchange rates)
|From 0.01€ to 20.00€||0.10%||0.20%|
|From 20.01€ to 35.00€||0.20%||0.30%|
|Over 35.00€||0.07€ per transaction||0.30%|
Procedure for assigning ServiRed intra-network interchange rates for commercial cards*
Interchange rates associated to consumer cards to be used by merchants in transactions acquired by ServiRed members are assigned in one of the three bands shown below, in accordance with their total card-based sales volume:
|Tier 1: 0 – 100 million €|
|Tier 2: 100 – 500 million €|
|Tier 3: More than 500 million €|
Interchange rates for credit transactions are expressed as a percentage, while those for debit transactions are expressed in eurocents per transaction.
The maximum ServiRed intra-network interchanges rates currently in force are the following:
|TIERS||Credit (%)||Debit (€)|