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

Change History:

  • 2.10% + $0.10 April 2014
  • 2.40% + $0.10 October 2011

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, 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.