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
- Introduced October 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