Utility Prepaid Debit
Utility Prepaid Debit is the MasterCard Interchange Rate for a prepaid debit card transaction accepted by a registered utility. Only utilities will see this interchange fee, it'll never come up for any other type of business.
Interchange fee: 0.00% + $0.65
- Introduced October 2012
- 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.