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

Primary Qualifications:

  • 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).