Petroleum

Petroleum is the MasterCard Interchange rate for a base card type card present credit transaction at a gas station.

Interchange fee: 1.90% + $0.00. $0.95 cap.

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.
  • Sic code is 5541 or 5542.