World Business Data Rate I
World Business Data Rate I is the MasterCard Interchange Fee for a world business / rewards credit transaction.
Interchange fee: 2.82% + $0.10
- Single electronic authorization, transaction settled within 2 days of authorization, Banknet reference number and Banknet date required in clearing transaction, accepted at a non-T&E location.
- Valid Federal Taxpayer Identification number is required.
- Commercial Card accepted at a non-T&E location.
- 635 Purchasing Card Format 1 addendum record with merchant street address, postal code, merchant state/province code.
- Fleet cards at fuel locations require fuel data.