Merit I Debit

• Interchange: 1.60% + $0.15

Merit I Debit is the partially qualified rate for card not present debit transactions.

Change History:

• April 2012 1.64% + $0.16

Primary Qualifications:

• 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.