Petroleum

  • Interchange: 1.90% + $0.00 ($0.95 Cap)

Petroleum is the MasterCard Interchange rate for a base card type card present credit transaction.

Primary Qualifications:

  • Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe, transaction settled within 1 day of authorization, Banknet reference number and Banknet date required in clearing transaction. 
  • Sic code is 5541 or 5542.