Convenience Purchases

Convenience Purchases is the MasterCard Interchange rate for a base card type card present or signature credit transaction.

Primary Qualifications:

• Cardholder and card present at the time of the transaction 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.
• Transactions taken by Fast Food Convenience Stores Motion Picture Theaters and Taxi Cab Services.