Convenience Purchases is the MasterCard Interchange rate for a base card type card present or signature credit transaction accepted at one of these merchant locations: Fast Food, Convenience Store, Taxi, or Movie Theater.
Interchange fee: 1.90% + $0.00
- 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.