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
- Introduced October 2012
- 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).