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KNET · Launched 1994
Kuwait's shared banking network. Domestic debit and online payments run over KNET at a flat per-transaction fee rather than a percentage, making it very cheap on large baskets.
A scheme- or regulator-set rate, or a widely reported figure. Source: KNET flat per-transaction fee.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a KWD 100.000 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Kuwait | KWD 0.100 | KWD 0.100 | 0.10% | 1 Feb 2021 | Reported rate |
Every recorded change, newest first, with the movement from the rate it replaced.
Annual pricing review.
In Kuwait, on the online channel: KWD 0.100, in force since 1 Feb 2021 (reported rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: Kuwait. A market missing from the list has not been recorded yet, which does not mean KNET is unavailable there.
It is recorded as next day. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
