CPS Restaurant Prepaid
CPS/Restaurant Prepaid is the Visa Interchange Rate for a card present prepaid card transaction at a restaurant merchant location.
Interchange fee: 1.15% + $0.15
Change History: Introduced October 2011
- Cardholder and card present, signature obtained, single electronic authorization, read and transmit complete magnetic stripe
- Transaction settled within 1 day of authorization, authorization response data included in settled transaction.
- Sic code is 5812 (Restaurant) or 5814 (Fast Food Restaurant).