Mastercard Consumer Credit Cards Mastercard offers many different types of credit cards to consumers. Each of these cards have varying “perks” or “rewards” that the customer receives. Different banks will issue different types of cards to their customers, and each card costs the issuing bank money to issue, support, etc [...]
Visa Consumer Credit Cards Visa offers many different types of credit cards to consumers. Each of these cards have varying “perks” or “rewards” that the customer receives. Different banks will issue different types of cards to their customers, and each card costs the issuing bank money to issue, support, etc – [...]
Most in-person merchants will qualify for Visa’s CPS Retail rate structure. CPS stands for “Custom Payment Service”. The CPS classification is typically known as the best basic rate structure offered by Visa, and CPS requirements are often the “minimum” qualification requirements for more advanced interchange rates. Read all about CPS here. In a [...]
To qualify for the below restaurant rates, merchants must be classified as a restaurant or quick-service merchant (MCC of 5812 or 5814). Below are the basic qualifications, plus you’ll see each type of card that’s eligible for restaurant rates, along with the associated potential downgrade: Qualifications Be classified as Restaurant (MCC 5812) [...]