Merit I Prepaid Debit

Merit I Prepaid Debit is the MasterCard Interchange rate for a base card type card not present ecommerce prepaid debit transaction.

Change History:

• Introduced October 2012

Primary Qualifications:

• 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.