CPS Restaurant is a Visa Interchange Rate. Very similar to CPS/Retail, except the sale was accepted at a restaurant rather than a retail store.
Interchange fee: 1.54% + $0.10
CPS/Restaurant is the Visa Interchange rate for base card types in a card present and signature credit transaction.
- 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).