Corporate Face to Face - Purchasing Cards
Corporate Face to Face - Purchasing is the MasterCard Interchange rate for a card present MC purchasing card product credit transaction.
Interchange fee: 2.50% + $0.10
- 2.10% + $0.10 April 2014
- 2.40% + $0.10 October 2011
- 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, sales tax amount and customer code required in clearing transaction and includes 635 Purchasing Card Format 1 addendum record with merchant location zip code, merchant state/providence code.
- Valid Federal Taxpayer Identification number is required.
- MC Purchasing card.