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- Restaurant Debit
Restaurant Debit is MasterCard Interchange rate for a base card type card present offline or signature debit transaction. The card is accepted at a restaurant.
Interchange fee: 1.19% + $0.10
- Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe
- Transaction settled within 1 day of authorization
- Banknet reference number and Banknet date required in clearing transaction
- Sic code is 5812 (Restaurant) or 5814 (Fast Food Restaurant).