- Interchange: 1.19% + $0.10
Restaurant Prepaid Debit is MasterCard Interchange rate for a base card type card present offline or signature prepaid debit transaction.
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).