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- High Value Petroleum
High Value Petroleum
High Value Petroleum is the MasterCard Interchange Fee for a high value rewards card credit transaction.
Interchange fee: 2.00% + $0.00
- 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 5541 or 5542.
- 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.
- $0.95 Cap