• 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.

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.