World Merit I

  • Interchange: 2.05% + $0.10

World Merit I is the MasterCard Interchange rate for a world card not present credit transaction.

Primary Qualifications:

  • Card not present at time of authorization, single electronic authorization,  transaction settled within 2 days of authorization
  • Banknet reference number and Banknet date required in clearing transaction
  • Also, non face-to-face and e-commerce transactions are exempt from the timeliness test.