Merit III

Merit III is the MasterCard Interchange rate for a base card type card present or signature credit transaction.

Interchange fee: 1.58% + $0.10

Primary Qualifications:

  • Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe
  • Transaction settled within 1 day of authorization
  • Banknet reference number and Banknet date required in clearing transaction.