Press Release

EFT/POS transaction fees: PostFinance and price regulator reach agreement

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As of 1 January 2017, PostFinance will lower transaction fees for cashless payment at points of sale (EFT/POS) for certain business customer segments. After a period of negotiation, the financial service provider and the price regulator have reached a mutual agreement. As a result of this agreement, PostFinance’s revenue from EFT/POS transactions will fall by around four million francs a year in 2017 and 2018. 

The PostFinance Card is the most popular debit card in Switzerland. PostFinance customers can use it to make cashless payments at more than 140,000 terminals across the whole of Switzerland. The financial service provider processes around 200 million EFT/POS transactions per year. Customers are then charged a fee for this. By mutual agreement with the price regulator, PostFinance will reduce EFT/POS fees for certain customer segments as of 1 January 2017.

Lower transaction prices

PostFinance and the price regulator have agreed on the following transaction prices:

Number of transactions 
Current list price per
transaction 
New price per transaction as
of 1.1.2017 
Number of transactions 
10,001–50,000
Current list price per transaction 
CHF 0.23
New price per transaction as of 1.1.2017 
CHF 0.22
Number of transactions 
50,001–100,000
Current list price per transaction 
CHF 0.22
New price per transaction as of 1.1.2017 
CHF 0.21
Number of transactions 
100,001–500,000
Current list price per transaction 
CHF 0.21
New price per transaction as of 1.1.2017 
CHF 0.20
Number of transactions 
500,001–1,000,000
Current list price per transaction 
CHF 0.20
New price per transaction as of 1.1.2017 
CHF 0.19

The fees will remain the same for customers with a transaction volume of fewer than 10,000 transactions per year, and for low-value transactions up to ten francs. Major customers with more than a million transactions annually already benefit from special conditions.

Information

Johannes Möri, Media Spokesman, 079 354 08 39