MC Travel Industries Premier Service Prepaid Debit
MC Travel Industries Premier Service Prepaid is the MasterCard Interchange rate for a prepaid debit transaction at a car rental, lodging, or cruise line location.
Interchange fee: 1.15% + $0.15
- Introduced October 2012
- Single electronic authorization must include "Premier" indicator, transaction settled within 1 day of authorization, Banknet reference number and Banknet date required in clearing transaction.
- Must be qualified and registered travel merchant from lodging, car rental or cruise line merchant segments.
- "Premier" clearing records must contain a 635 lodging or car rental addendum record.