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Launch of Debit MasterCard
From 1 August 2008 MasterCard will be launching a Debit Card to complement Maestro. It will be known as Debit MasterCard. We are pleased to let you know that from that date you will be able to accept this new card.
The cards will carry the normal MasterCard logo, so as long as you are displaying the MasterCard logo in your shop, on your website or advertising materials, Debit MasterCard holders will know that your business accepts their new card.
Accepting Debit MasterCard transactions
As soon as you start processing Debit MasterCard transactions you’ll see them on your end of day report and on your monthly Cardnet statement. Your merchant service charge for Debit MasterCard will be the same as the merchant service charge for your Visa Debit transactions. You’ll find this rate on your most recent Cardnet statement.
Purchase with Cashback
If you currently offer Purchase with Cashback, you will be able to offer this service to Debit MasterCard customers in exactly the same way. Your terminal will guide you through the process.
Other operating procedures
All other operating procedures for Debit MasterCard are currently the same as MasterCard Credit Cards. These are detailed in your Cardnet Operating Manual.
Next steps
• If you lease your point of sale equipment, Cardnet together with your terminal manufacturer will make the necessary changes to your terminal automatically, so you don’t need to take any action.
• If you own your point of sale equipment you will need to contact your software supplier to make the necessary changes.
• If you trade over the Internet your third party payment service provider will make the necessary changes for you, so you don’t need to take any action.
If you have any questions please call the Cardnet helpline on 01268 567103. Lines are open 9am to 5pm, Monday to Friday.