A maximum fee limit is now being set on interchange for both debit and credit cards. For debit cards, the maximum for domestic debit card transactions will be set at a weighted average of 0.10% of the transaction value, which is half the current level. This would create greater incentives to retailers to accept cards, by reducing the cost of card acceptance for retailers by €17m p.a. The maximum for domestic credit card transactions is to be set at 0.30% in line with the Multilateral interchange Fee regulation, saving retailers in excess of €19m p.a. Both of these limits will come into force on 9th December 2015. Some smaller schemes will be exempted from these B.27 new limits until 9 December 2016, to give them time to restructure their business models as required. This measure will have no direct effect on the exchequer, though will result in cost savings for public bodies which accept card payments.