Global Wholesale Travel Transaction Program Interchange Rate
On 16 March 2015, Mastercard® announced the 2015–2016 “Global Wholesale Travel Transaction Program” interchange programs and rate, which are effective from 17 April 2015.
The “Global Wholesale Travel Transaction Program” (B2B) applies to travel agents participating in this program to pay travel suppliers (the merchant of record) for secondary payments (travel bookings) utilizing virtual Mastercard account numbers. For travel suppliers who opt to accept this form of payment (which shall only apply in the EEA), the virtual Mastercard account number can be used to settle the wholesale travel transaction from anywhere in the world, at any point in time.
This program is NOT open to all issuers by default. Mastercard will use the criteria below to determine which issuers are eligible and will decide which issuers can participate in the program.
Global Wholesale Travel Transaction Program Qualifying Criteria
To qualify for this program, travel transactions must meet the following qualifying criteria:
- Wholesale B2B transaction from a travel agent to a travel supplier
- Transacted using a virtual number (VCN)
- Limited to MCCs within the travel industry listed below
Business (CAB) Program
- A001 – Airline
- B001 – Cruise/Steamship
- H001 – Lodging
- R001 – Railways
- V001 – Automobile/Vehicle Rental
- GW01 – Global Wholesale Offer
Global Wholesale Travel Transaction Program Interchange
Transactions must meet the above requirements to qualify for this interchange program.
|IRD and Program Name||Interchange Rate|
|IRD BB – Global Wholesale Travel Transaction Program||2.00%|