MasterCard Cross-Border definition
MasterCard Cross-Border. (“Cross-Border”) refers to the fees assessed by MasterCard for all transactions initiated on a non U.S.-issued card.
Examples of MasterCard Cross-Border in a sentence
In the event that the Card is allowed to make international purchases (which includes the United States), the transaction amount will include a "MasterCard Currency Conversion Assessment Fee" of 20 basis points (0.2%) of the purchase amount and may include a "MasterCard Cross-Border Fee" of up to 90 basis points (0.9%) of the purchase amount depending on the merchant location's processor.