Restaurant Prepaid Debit

Restaurant Prepaid Debit is MasterCard Interchange rate for a base card type card present offline or signature prepaid debit transaction.

Interchange fee: 1.19% + $0.10

Change History:

  • Introduced October 2012 

Primary Qualifications:

  • 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).