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Defined Terms and Documents
$3.889 billion circa Purchaser User Pays Fee annually
The Annual Number of Credit
or Charge Card Purchases Transactions (Oct '21 - Sept '22) was
3,295,731,984 (3.3
bil) -
Worksheet 'CreditCardsSummayData.xlsc' cell B9. sourced from
adjoining RBA Excel worksheet
cO1hist.xlsx Data
3,295,731,984 (annual number of Credit Card Purchase transactions) x 10 cents fixed fee = $329,573,198.
3,295,731,984 (annual number of Credit Card Purchase transactions) x $108.73 (ave Purchase transaction
amount across
all Credit Card Purchases annually) x 0.50%
Variable Fee Rate = $1,791,691,917
$329,573,198 + $1,791,691,917 =
$2,121,265,116 Credit Card Purchaser User Pays
annual circa fee
income
The above User Pays Fee rate would increase
each Purchase by "half of 1%" plus 10 cents. eg. a $50 Purchase would cost a 25 cents
variable fee, plus the fixed fee of 10 cents = a 35 cents User Pays Fee
for availing the
Three Purchase Benefits Of 'Tap And Go'.
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Number of Credit/Charge Card Purchase transactions
annually- Oct 21 - Sept '22 |
3,295,731,984 |
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Average Purchase amount |
$108.73 |
$0.54 |
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Estimated average Purchase amount of 80% of Purchases |
$55.00 |
80% |
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Estimated average Purchase amount of remaining 20% of Purchases |
$210.00 |
20% |
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Proposed Variable Purchase Transaction Fee Rate |
0.50% |
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Proposed variable Purchase Transaction Fee annual income |
$1,791,691,917 |
$1,791,691,917 |
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Proposed fixed Purchase Transaction Fee |
$0.10 |
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ProposedfFixed Purchase Transaction Fee annual income |
$329,573,198 |
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Proposed Annual Ave. Purchase Transaction Fee Revenue |
$2,121,265,116 |
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Estimated Annual |
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$725,061,037 |
B36*B38*C38*B40 |
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$263,658,559 |
B36*C38*B42 |
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$988,719,595 |
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$692,103,717 |
B36*B39*C39*B40 |
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$65,914,640 |
B36*C39*B42 |
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$758,018,356 |
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$1,746,737,952 |
B48+B52 |
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