Commonwealth Bank have recently been advised by Visa and MasterCard of an increase in the scheme fees they charge. As a consequence, the Bank is making a pricing adjustment to your special Group Negotiated Merchant Service Fee.
The changes at a glance
Effective from 1 September 2009:
» There will be an increase to the Merchant Service Fee of 0.03% including GST (Visa and MasterCard transactions only)
» All other fees and charges remain unchanged.
You will see the new charges reflected from your September Merchant Statement onwards.
New credit card transaction fees:
effective 1st August for new customers;
effective 1st September for existing customers.
Annual Credit Card Turnover
Credit Card Merchant Service Fee
Less than
$ 1,000,000
0.70%
$ 1,000,001 to
$ 3,000,000
0.68%
Greater than
$ 3,000,001
0.63%
All refunds will be charged at the prevailing interchange rates.
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Username - first seven letters of your Trading Name including any spaces or commas as a character i.e. M & T MOTORS entered as M & T M (7 characters including spaces)
Password - is your MTA seven digit membership number as it appears on your membership renewal subscription form or certificate including commas.
i.e. 8,000,001
Every business in the Motor
Industry Benefits from Membership
The MTA provides its members with a large variety of benefits that can reduce business expenses as well as assisting businesses in operating more profitably.
The benefits of membership are many and varied and membership fees are 100% tax deductible. www.mtansw.com.au
