Key Entered Debit
Key Entered Debit is the MasterCard Interchange rate for a base card type card present key entered debit transaction.
Interchange fee: 1.60% + $0.15
- 1.64% + $0.16 April 2012
- Cardholder and card present at time of authorization, signature obtained, single electronic authorization
- Transaction settled within 1 day of authorization
- Banknet reference number and Banknet date required in clearing transaction