- Interchange: 2.10% + $0.10
Corporate Face to Face – Purchasing is the MasterCard Interchange rate for a card present purchasing card credit transaction.
Change History:
- 2.40% + $0.10 October 2011
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 sales tax amount and customer code required in clearing transaction and includes 635 Purchasing Card Format 1 addendum record with merchant location zip code merchant state/providence code.
- Valid Federal Taxpayer Identification number is required.
- MC Purchasing card.