Commission to be charged on card-to-card transfers in Azerbaijan

New service fee tariffs for card-to-card money transfers in Azerbaijan have been set, effective from April 1. Day.Az, citing unikal.az, reports that the fees for card-to-card and card-withdrawal transactions processed by the Interbank Card Center (BKM) are determined according to the amount being transferred.

For transactions in the national currency, the fee is 3 qapik for transfers up to 100 manat, 10 qapik for 100.01-1,000 manat, 50 qapik for 1,000.01-10,000 manat, 2 manat for 10,000.01-40,000 manat, and 4 manat for amounts above 40,000 manat. For transactions in dollars and euros, fees are 0.03 for up to 100 units, 0.10 for up to 1,000 units, 0.50 for up to 10,000 units, 2 for up to 40,000 units, and 4 dollars or euros for higher amounts.

For payment orders sent through the Government Payment Portal, the rates will be 3 qapik up to 100 manat, 10 qapik for 100.01-1,000 manat, 1 manat for 1,000.01-10,000 manat, 4 manat for 10,000.01-40,000 manat, and 8 manat for amounts above 40,000 manat.