Mastercard Travel & Entertainment (T&E)
Mastercard provides a specific rate structure for Restaurants, Hotels, Car Rentals, and other “T&E” merchants
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 read, or key-entered, obtain customer’s signature when face-to-face.
- Authorize and settle within 2 days, hotels and car rental agencies are exempt.
- Obtain and pass 1 valid electronic authorization.
- Authorization and settlement MCC must match.
- Car Rental merchants must include Rental Agreement number and Return Location ID.
- Restaurant transactions must be greater than $60.
What are the rates?
World Card T&E – 2.30% + $0.10
Downgrade (any reason): Standard, 2.95% + $0.10/txn
World Elite T&E – 2.75% + $0.10
Downgrade (any reason): Standard, 3.25% + $0.10/txn
Who’s eligible?
Only restaurants, lodging merchants, car rental merchants, and airlines/cruise-lines will receive these rates.