Credit CardsMastercard credit cards are issued to customers not by Mastercard, but by an issuing bank. These credit cards will have varying terms/rewards, as every bank is different. The below guide is a handy reference to see how cards are typically classified. Note that issuing banks have a lot of [...]
The “Merit I” category is for key-entry and E-Commerce Mastercard sales that meet include AVS and are settled within 1-2 days. Barring a few exceptions, most merchants are able to receive these interchange rates. Qualifications Key-entered or E-Commerce transaction. Authorize and settle within 1 day (keyed) or 2 days (E-Commerce). Obtain and pass 1 valid electronic authorization. Authorization and [...]