Key Entered is the MasterCard Interchange rate for a base card type card present key entered credit transaction.
Interchange fee: 1.95% + $0.10
- 1.89% + $0.10 October 2019
- 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
Is this one of the interchange rates that went up in April 2020?
Yes, in April 2020 the interchange rate for Key Entered MasterCard increased by 6 basis points (0.06%) from 1.89% + $0.10 to 1.95% + $0.10.