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“Standard” is the second (and more expensive) of two “downgrade” interchange categories. It indicates that a business paid a “penalty” rate due to not meeting criteria for lower cost interchange categories.
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CPS / CNP prepaid is part of several interchange categories that dictate the fees a business will pay when accepting a Visa prepaid card online or by keying the card number into a machine.
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When a business accepts a Visa debit card online or by keying in card details, it will pay one of the Visa “card not present” debit rates.
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The terms “CPS Retail Debit” and “CPS Retail Prepaid” refer to Visa interchange categories that dictate part of the fee that businesses pay for certain debit and prepaid transactions.
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Point of sale apps let you carry out more functions than simple cash registers or credit card readers.
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Delivery apps have taken the dining world by storm, leaving many restaurateurs wondering, “Should I use Grubhub?”
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Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.
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Restaurants notoriously operate on thin margins, so ensuring that you’re not overpaying for credit card processing can help your bottom line.
