Visa CPS Restaurant rates are only available to restaurants and quick-serve fast food merchants. Restaurant rates are slightly higher than their retail counterparts. Click through to see what card rates restaurants can expect to see, and what potential downgrades will look like.
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. Read on for the basic qualifications, plus you’ll see each type of card that’s eligible for restaurant rates, along with the associated potential downgrade.
EMV for Restaurants and Tip-Accepting Merchants
EMV cards process differently than the standard, magnetic swipe cards. This has implications for merchants who accept tips – read below to learn more!