- Interchange Fee: 2.20% + $0.10
High Value Restaurant is the MasterCard Interchange Fee for a high value rewards card type 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.
- Sic code is 5812 or 5814.
- 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.