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Merit III

  • Interchange: 1.58% + $0.10

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

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.
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