Merit I Debit

Merit I Debit is the MasterCard Interchange rate for a partially qualified card not present debit transaction.

Interchange fee: 1.60% + $0.15

Change History:

  • April 2012 1.64% + $0.16

Primary Qualifications:

  • Card not present at time of authorization, single electronic authorization
  • Transaction settled within 2 days of authorization
  • Banknet reference number and Banknet date required in clearing transaction
  • Also, non face-to-face and e-commerce transactions are exempt from the timeliness test.