- Interchange: 2.42% + $0.10
World Elite Business Data Rate II is the MasterCard Interchange Fee for a world elite business / rewards credit transaction submitted with Level II Data.
Primary Qualifications:
- Single electronic authorization transaction settled within 2 days of authorization Banknet reference number and Banknet date required in clearing transaction accepted at a non-T&E location.
- Valid Federal Taxpayer Identification number is required.
- Commercial Card accepted at a non-T&E location.
- 635 Purchasing Card Format 1 addendum record with merchant street address postal code merchant state/province code tax ID number merchant type code tax amount customer code.
- Sales tax cannot be zero and must be between 0.1% and 30% of the transaction amount. Unless MCC 4111 4131 4215 4784 8211 8220 8398 8661 9211 9222 9311 9399 9402 which can send 0.00 for sales tax.
- 4111 Commuter Transportation/Ferry
- 4131 Bus Lines
- 4215 Courier Services
- 4784 Toll and Bridge Fees
- 8211 Elementary and Secondary Schools
- 8220 Colleges/Universities
- 8398 Charitable Organizations
- 8661 Religious Organizations
- 9211 Court Costs
- 9222 Fines
- 9311 Tax Payments
- 9399 Government Services
- 9402 Postal Services – Government Only