top of page

Multilateral Interchange Fees are prohibited in the EU

On 11 September 2014, the Court of Justice of the EU (“ECJ”) ruled that the Multilateral Interchange Fees applied by MasterCard are prohibited, creating a base for lower usage costs for all retailers and consumers within the European Union.

The Multilateral Interchange Fees (MIF) are the balancing payments between the bank of a retailer and the bank of a consumer to cover the costs of a card transaction. The fees are paid indirectly by a retailer to a cardholders’ bank after the cardholder pays with a credit card.

Address:

Kanyon Office Building Floor. 6
Buyukdere Avenue. No. 185
Levent 34394 İstanbul  | Turkey

 

TEL: +90 212 277 41 11

FAX: +90 212 340 76 01

Kilic & Partners Map.png
  • Facebook Clean
  • Twitter Clean
German & Turkish Chamber of Commerce

    ® KILIÇ & Partners. All Rights reserved

bottom of page