Surfactants with ionic or polar head groups and extended apolar groups form micelles in water with hydrocarbon-like interiors and ionic or polar groups at the surface and bind ionic and nonionic solutes. They act as reaction regions, i.e., as pseudophases distinct from the bulk solvent, and can accelerate or inhibit reactions, depending on rate constants and reactant concentrations in the two regions. Theoretical treatments and experimental evidence of reactant partitioning between water and micelles allow estimation of rate constants in the micellar pseudophase for both uni-and bimolecular reactions, provided that they are slower than reactant transfers between water and micelles, but some treatments apply only to dilute electrolyte. Competition between reactive and inert ions inhibits bimolecular ionic reactions and is treated by ion-exchange equations and some local ionic concentrations can be estimated by dediazonization trapping or physical methods. Ionic micelles affect rates of unimolecular and bimolecular watercatalyzed reactions because the reaction region at the micelle-water interface is less polar than water. Zwitterionic micelles have no net charge but they interact with ions, although ion-binding is weaker than with ionic micelles and there are limitations in the use of the theoretical treatments applied to ionic micelles. Micelles can control product composition, but product isolation limits use of surfactants in some reactions