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) [...]
To qualify for the below restaurant rates, merchants must be classified as a restaurant or quick-service merchant (MCC of 5812 or 5814). Quick-serve merchants will only be eligible for debit sales within this rate classification. Below are the basic qualifications, plus you’ll see each type of card that’s eligible for restaurant rates, [...]
What's the deal with EMV for Restaurants?EMV cards (otherwise known as “Chip” cards) are the way of the future. If you haven’t seen them already, you will soon as merchants are required to start accepting EMV transactions in October of 2015. For many retailers, this transition will be easy and smooth. [...]
Terminal applications are closely related to MCC codes. All credit card terminals have a specific software downloaded to them, to allow for specific transaction types. Thus, having an incorrect terminal application may result in your terminal not allowing certain types of transactions. The “standard” terminal application is known as the [...]