MasterCard publishes interchange rates

PURCHASE, N.Y. — MasterCard International followed through with plans to publish its interchange rates by Nov. 1.

The rates that apply to U.S. merchants can now be found on the company’s Web site "Although MasterCard’ U.S. interchange rates have generally been available to merchants, both through requests to merchant acquirers and independent sales organizations, and on the Internet, the merchant community has asked us for greater transparency, and we are pleased to accommodate their request,” said Walt Macnee, president of MasterCard Americas.

MasterCard says it expects to continuously update rates on its Web site. MasterCard announced in September that it would publish interchange rates. Visa beat MasterCard to the punch and published its rates in October

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