Key Entered Prepaid Debit

Key Entered Prepaid Debit is the MasterCard Interchange rate for a base card type card present key entered prepaid debit transaction.

Interchange fee: 1.76% + $0.20

Change History:

  • Introduced October 2012

Primary Qualifications:

  • 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