- Interchange: 1.76% + $0.20
Merit I Prepaid Debit is the MasterCard Interchange rate for a base card type card not present ecommerce prepaid debit transaction.
- Introduced October 2012
- 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.