Merit I

  • Interchange: 1.89% + $0.10

Merit I is the MasterCard Interchange rate for a base card type card not present credit transaction.

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