- Interchange Fee: 2.00% + $0.00
High Value Convenience Purchases is the MasterCard Interchange Fee for a high value rewards card type credit transaction convenience purchase.
- Cardholder and card present at the time of the transaction 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.
- Transactions taken by Fast Food Convenience Stores Motion Picture Theaters and Taxi Cab Services.
- The sixth position of the approval code must be either an S” meaning participation in MasterCard High Value or “T” meaning participation in MasterCard High Value and MasterCard Product Graduation.