Fee structure for PIN and Chipknip
Effective 1 January 2009, the fees charged by Currence are as follows:
1.Joining fee for new Licensees: € 50,000 per product.
2. Annual fee per product:
€ 2,500 per individual licence as acquiring bank
€ 2,500 per individual licence as issuing bank
or
€ 6,000 per group licence as acquiring bank
€ 6,000 per group licence as issuing bank
3. Volume fee for:
PIN
Acquiring bank € 0.0026 per transaction
Issuing bank € 0.0026 per transaction
Chipknip
Acquiring bank € 0.0038 per transaction
Issuing bank € 0.0038 per transaction
Fee structure for Certificate HoldersCertificate Holders are not charged any fees at this stage.
N.B. The certification procedure costs for licences, certificates, terminals or data communication networks are borne by the applicant.