GCC Fee Schedule Recommendations serve as a system of checks and balances to help govern the global commons. Through risk-adjusted fee recommendations, the GCC seeks to incentivize activities that strengthen the global commons while discouraging those that impose transnational environmental, social, or governance costs.
GCC-certified banks, fintechs, and other financial industry players that are first-to-market in their geographies are expected to see reduced Customer Acquisition Costs due to improved visibility. They are, in turn, expected to pass part of those savings on to the Global Commons Fund according to the fee schedule outlined below. Financial industry partners have discretion to set their fees according to the business and legal restrictions they face in their respective commercial environments and jurisdictions.
Due to the startup nature of the GCC, no fee variability is recommended across Merchant Category Codes or ISSB / TNFD / TCFD compliance at this time.
Issuing Bank Fee Recommendations
0.6% for credit card transaction value
0.3% for debit card transactions value
Merchant / Acquiring Bank Fee Recommendations
0.3% for credit card transaction value
0.15% for debit card transaction value
Card Network Fee Recommendations
0.04% for for credit card transaction value
0.02% for for debit card transactions value
Gateway / Payment Processor Fee Recommendations
0.1% for credit card transaction value
0.05% for debit card transaction value
Private Bank and Investment Bank Guidance
As with GCC-certified payment cards, the GCC recommends that participating private banks, investment banks, custodians, exchanges, clearing organizations, and other financial intermediaries contribute a modest assessment to the Global Commons Fund. During the GCC’s initial implementation period, these recommendations are intentionally simple. Flat ad valorem assessments are recommended in place of variable fee schedules in order to facilitate implementation, reduce administrative complexity, and encourage broad participation across jurisdictions.
Over time, the GCC expects to publish voluntary guidance introducing limited fee variability based on standardized measures of systemic risk and transparency, including climate and nature-related disclosures under ISSB, TCFD, TNFD, and successor international frameworks. Such variability would reward institutions and transactions demonstrating stronger governance, transparency, and stewardship of the global commons while preserving fair and efficient market access.
Fee Recommendations
Clearing Services – 0.005% of transaction value
Settlement Services – 0.005% of transaction value
Exchange Trading – 0.01% of transaction value
Custody Services – 0.005% annually on assets under custody
Investment Banking Advisory and Underwriting – 0.05% of transaction value
Private Banking and Wealth Management Transactions – 0.02% of transaction value