Also interchange fee regulation: Regulation of the multilateral interchange fee for card payments in the EU introduced throughout Europe in 2015 (see also Interchange Fee). Since then, card-issuing banks have been allowed to charge the merchant bank a maximum of 0.2% of sales for private debit card payments and 0.3% for private credit card payments by their customers. The interchange fee is usually passed on by the merchant bank to its counterparties (merchants) along with other fees. MIF regulation does not apply to corporate credit cards, store cards and cards from outside the EU.
