Qualifications Must be classified as a School (MCC 8220, 8211, 8299), Government Entity (MCC 9399, 9211, 9222), Insurance Sales (MCC 6300, 5960), Fuel Dealer (MCC 5983), Child Care Services (MCC 8351), or Direct Marketing Subscriptions (MCC 5968). Eligible for debit only are Charities (MCC 8398) and Telecommunications (MCC 4814) Authorize and settle [...]
Since not all industries accept credit cards, Mastercard tries to incentivize “newer” industries with lower, more advantageous interchange rates. These are called Emerging Market interchange rates, and they apply to debit/prepaid cards only. The only qualifying business types are Schools, Government Offices, Insurance-sales, Utilities, and Toll-Roads. Qualifications Must be classified as [...]