for both credit and debit card transactions. If you already accept credit cards, you are already prepared for ‘full acceptance’, i.e. If you currently accept credit cards via ING as an acquirer: What will be the impact of adding Debit Mastercards and Visa Debit cards I already accept Mastercard and Visa credit cards. Terminal types that can not be upgraded: Model typeĤ. Replacement will ensure that your customers can continue to make payment transactions in your store. If you are unsure whether you need to replace your terminal, please contact your terminal supplier. Maestro and V Pay cards will still be accepted on terminals that have, where necessary, been upgraded to accept Debit Mastercards and Visa Debit cards.Ī small portion of older terminals, are unable to be upgraded. Will my customers still be able to pay with their Maestro and V PAY cards after the roll-out? For more information, please visit the Association’s website.Ģ. To make sure that the reach of the Debit Mastercard and Visa Debit card ultimately equals that of Maestro and V Pay, a nationwide roll-out is starting in 2022 ING is following this timeline for implementation among merchants. The Payments Association Netherlands (‘Betaalvereniging Nederland’ ) is coordinating a central programme to ensure the timely upgrade of the entire payment landscape in the Netherlands. Is the roll-out of these cards a market-wide initiative? You are reminded to start now, although you have until the end of 2024 to complete the process. If you want to start optimizing your stores to accept all cards from Mastercard and Visa straight away, or have questions about these changes, please get in touch with your ING account manager. This situation will apply at least until your contract renewal date. The price of credit card transactions will remain as it is, while the current rate for Maestro and V Pay transactions (usually better than for credit card transactions) will apply to Debit Mastercards and Visa Debit cards transactions. If you currently accept Mastercard and Visa credit cards:Įven though you currently pay one rate for both credit card and debit card transactions, in the new situation two different rates will apply, and this may be beneficial for you. In this case, the same rates will apply to transactions made with Debit Mastercards and Visa Debit cards issued in the EEA, as to transactions made with Maestro and V Pay cards, at least until your contract renewal date with ING. If you currently only accept Maestro and V-Pay debit cards: If you have one or more of these terminals, they will need to be replaced. These terminals are listed below in question 3. Unfortunately, a small proportion of older terminals are unable to be upgraded. You will be informed once the upgrade is complete, and from that moment on your terminals will accept Debit Mastercards and Visa Debit cards issued in the Netherlands, as well as in the rest of the EEA, including Norway, Iceland and Liechtenstein. In both cases, while you are responsible for this upgrade, together with your terminal provider (or service partner – the party that supplies your cash registers or takes care of your terminals), ING will facilitate the upgrade for you, you will not need to take action.Īs your bank, ING will make sure the software upgrade is carried out automatically. If they do accept Mastercard and Visa credit cards they won’t need an upgrade to accept the debit cards, but, because the change will impact pricing, (see below), they will need upgrading. If your POS terminals do not currently accept credit cards, they will need a software upgrade. However, not all POS terminals have the software they need to accept them, so some of them will need an upgrade. As a result, an increasing number of your customers will want to use them for their payment transactions. But, over the next two years, more and more issuing banks will be offering customers Debit Mastercard cards and Visa Debit cards, already widely used in the rest of Europe. Currently, the most commonly used debit cards in the Netherlands are Mastercard’s Maestro and Visa’s V PAY.
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