Enhanced Merit I
- Interchange: 2.04% + $0.10
- Assessments: 0.11% + $0.0185
- Total Cost: 2.15% + $0.1185
Enhanced Value Merit I is the MasterCard Interchange rate for an Enhanced rewards card type card not present credit transaction.
- Card not present at time of authorization, single electronic authorization, transaction settled within 2 days of authorization
- Banknet reference number and Banknet date required in clearing transaction
- Also, non face-to-face and e-commerce transactions are exempt from the timeliness test.