High Value Merit III
- Interchange: 2.20% + $0.10
High Value Merit III is the MasterCard Interchange Fee for a high value rewards card credit transaction.
- 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.
- 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.