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” (GWTTP) makes business-to-business transactions faster, easier, and more secure for agents in the travel industry. Agents participating in this program can pay suppliers (i.e. the merchant of record) for secondary payments (i.e. bookings) by utilizing virtual Mastercard account numbers. For European Economic Area (EEA) suppliers who opt to accept this form of payment, a 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 an travel agent to a travel supplier
  • Transacted using a virtual number (VCN)
  • Limited to MCCs within the travel industry listed below
  • Apply to Product Codes MBS, MBA, MBG, MBH, MBI, or MBJ

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.

The following table provides the new Commercial B2B interchange rate structure that will be applicable to IRD BB on 16 October 2020 for the Canada region as part of Release 20.Q4.

IRD and Program Name

Product Code

Interchange Rate

IRD BB – Commercial Business-to-Business

MBS—Mastercard B2B Product 1 
(existing product code)

2.00%
(existing interchange rate)

MBA—Mastercard B2B Product 2

1.80%

MBG—Mastercard B2B Product 3

1.60%

MBH—Mastercard B2B Product 4

1.40%

MBI—Mastercard B2B Product 5

1.20%

MBJ—Mastercard B2B Product 6

1.00%