Restaurant Debit

  • Interchange: 1.19% + $0.10

Restaurant Debit is MasterCard Interchange rate for a base card type card present offline or signature debit transaction.

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).