Maestro Global Rules (PDF) - MasterCard

Settlement and Reconciliation
10.7 Interchange and Service Fees
Collected funds are treated as advance payments on the sums that may
be required from the Principal in the allocation among Customers of loss
related to Non-discharged Customer Obligations. If the funds collected from a
Customer exceed the amount ultimately allocated to it or in connection with
a Non-discharged Customer Obligation, excess amount will be returned to
the Customer with interest. If the funds collected from a Customer do not
exceed the amount allocated to it, the Customer will pay any shortage to
the Corporation with interest payments. Any interest payment by or to the
Corporation will be based on the average effective Federal Reserve Fund’s
Earning Credit Rate (or if such rate is not published, a rate that the Corporation
designates) during the time between the incidence of the Customer funding
and the final allocation.
NOTE
Customers in the Europe Region should also refer to Rule 13 in Chapter 17,
“Europe Region,” of this rulebook.
10.7 Interchange and Service Fees
A Transaction settled between Customers gives rise to the payment of the
appropriate interchange fee or service fee, as applicable. The Corporation
has the right to establish default interchange fees and default service fees
(hereafter referred to as “interchange fees,” “service fees,” or collectively,
“fees”), it being understood that all such fees set by the Corporation apply
only if there is no applicable bilateral interchange fee or service fee agreement
between two Customers in place. The Corporation establishes all fees for
Interregional Transactions and Intraregional Transactions, and may establish
fees for Intracountry Transactions. The Corporation will inform Customers, as
applicable, of all fees it establishes and may periodically publish fee tables.
Unless an applicable bilateral interchange fee or service fee agreement between
two Customers is in place, any intraregional or interregional fees established
by the Corporation are binding on all Customers.
NOTE
An additional regional Rules on this topic appears in Chapter 17, “Europe
Region” of this rulebook.
10.8 Establishment of Intracountry Interchange and Service
Fees
This Rule 10.8 is applicable only to Intracountry Transactions.
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Maestro Global Rules • 9 November 2012 10-5