World Elite Merit III

World Elite Merit III is the MasterCard Interchange Rate for a world elite rewards card type credit transaction.

Interchange fee: 2.20% + $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.