Mastercard

As part of our continued commitment to our members, Booksellers NZ has been working with Westpac to bring a further reduction in the discounted Visa and MasterCard credit card rates offered to members, reflecting both our value and position as a group. As well as the benefit of more competitive rates for new members to Booksellers NZ, these new rates will also be passed on to existing Booksellers NZ members registered with Westpac for discounted credit card processing from 1st May 2010.

As part of Westpac’s Interchange settlement with the New Zealand Commerce Commission, Westpac are committed to offering new pricing options in relation to the Merchant Service Fees that are payable for credit card transactions accepted through merchant facility.

Our members are currently charged a single blended Merchant Service Fee for processing all Visa and MasterCard credit card transactions. This option may be well suited to your business requirements and will continue to be available.

However, Westpac will soon be offering two new Merchant Service Fee pricing options.

a) Unblended Merchant Service Fee