Home Affairs Increases Credit Card Charges
Written By Lee Smith
Thu, Jun 14, 2018
On the 7th of June, the Department of Home Affairs released amendments to the Migration Regulations 1994 updating changes to immigration and citizenship policy. Of note is an amendment in Schedule 3 of the regulations relating to credit card surcharges.
The Department has advised that from the 1st of July 2018 the credit card surcharge for Visa and MasterCard credit cards will increase from 0.98% to 1.32%. The credit card surcharge is applicable to payments made for certain fees and charges, including visa application charges, sponsorship fees, nomination fees, citizenship-related fees and customs duties. The Department has advised that this increase has been made to recover merchant fees from clients.
Whilst the 0.34% surcharge increase is relatively small, this will see the cost of Visa Application Charges (VACs) increase. For example, a visa application for a TSS visa on the medium term list with a primary applicant, a spouse and two dependants under 18 years will attract an increase of $20.40 from the surcharge increases.
At this stage the Department has not indicated that there will be increases to other forms of payment, with Amex and JCB cards remaining at 1.40%, Diners Club 1.99%, ChinaUnion Pay 1.90% and PayPal 1.00%.
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