High Value Merit III
High Value Merit III is the MasterCard Interchange Fee for a high value rewards card credit transaction. It's a rewards credit card accepted face-to-face.
Interchange fee: 2.20% + $0.10
- 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.