Travel & Entertainment merchants typically pay slightly higher rates than other merchant types. This rate category will apply to “premium” cards accepted by T&E merchants. Qualifications Be classified as a Restaurant (MCC 5812), Lodging (MCC 7011), Car Rental (MCC 7512), or Airline/Cruise Line/Travel Agency. Magnetic stripe, contactless, or chip data [...]
Mastercard allows for lower debit card rates on low-ticket sales. There are many qualifying merchant types, typically relating to industries that cater to small-ticket transactions. Fast food, taxis, parking lots, video rentals, convenience stores, theaters, newsstands, car washes, copy centers, laundry services, and bus lines are all eligible. Small-ticket rates have [...]
The “Merit III” or “Merit 3” category encompasses traditional consumer credit cards, as opposed to business/purchasing cards. Barring a few exceptions, most merchants are able to receive this interchange rate, as it represents the best qualification level for in-person sales. Below are the basic qualifications, plus you’ll see each type of [...]
Mastercard has a special “Convenience” rate program designed for a few specific types of merchants. You must be categorized as a quick-service food establishment, movie theater, taxicab/limousine, or convenience store to gain access to these rates. The intention of this program is to give lower rates to merchants who regularly process [...]
What are these strange and mysterious fees? Card Brand Fees (also known as Card Association Fees) are the fees that are actually paid back to Visa/Mastercard/Discover. These are also commonly referred to as NABU fees (Network Access and Brand Usage fees). Most merchants don’t realize that the vast majority of the fees [...]