Insert vs tap

Same card. Same account. Different cost.

credit_card One card, three outcomes
sim_card Insert — chip & PIN
route
Domestic EFTPOS network
no scheme involved
arrow_downward
Interchange$0.00
Scheme fee$0.00
$100 sale · merchant receives
Zero cost
$100.00
contactless Tap — IC+ pricing
hub
Visa / Mastercard network
routed through the card scheme
arrow_downward
Interchange · 0.20%−$0.20
Scheme fee · ~0.05%−$0.05
Acquirer margin · ~0.40%−$0.40
$100 sale · merchant receives
MSF ~$0.65
~$99.35
contactless Tap — blended pricing
hub
Visa / Mastercard network
routed through the card scheme
arrow_downward
Blended MSF · 1.5%−$1.50
One fixed rate — interchange, scheme fees, and margin bundled together. Blended rates typically range 1.0 – 2.5%.
$100 sale · merchant receives
MSF ~$1.50
~$98.50
info Every contactless tap routes through Visa or Mastercard — even on a debit card.