• Interchange: 1.05% + $0.15

Merit III Prepaid Debit is the MasterCard Interchange rate for a base card type card present offline or signature prepaid debit transaction.

Change History:

  • Introduced October 2012

Primary Qualifications:

  • Cardholder and card present signature obtained 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.