World Merit I
- Interchange: 2.05% + $0.10
World Merit I is the MasterCard Interchange rate for a world 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.