Utility is the MasterCard Interchange Rate for a credit card transaction accepted by a registered utility merchant.
Interchange fee: 0.00% + $0.65
- Transaction can be full magnetic stripe read or key-entered.
- Transaction settled within 1 days of authorization, authorization response data included in settled transaction.
- Transactions must be from a 4900 sic code.
- Registration is required and the assigned registration code must be passed to MasterCard in the settlement record.