Credit Card Processing

Visa CPS/Restaurant

by Ben Dwyer

Visa’s CPS Restaurant is an interchange category used to calculate the interchange cost for transactions that take place at a restaurant, including fast food businesses, when the card is swiped.

Interchange rate & fee: 1.54% + $0.10

Also known as:
Restaurant

CPS Restaurant is the Visa interchange category that is used to calculate the interchange cost for card-present transactions that take place at a restaurant, including fast food businesses.

Qualification criteria:
The CPS Restaurant interchange category will apply under the following conditions:

  • The card is present at the time of the transaction
  • Cardholder’s signature is obtained if the transaction is greater than $25
  • The card is swiped (magnetic strip cards) or dipped (EMV chip cards)
  • The transaction is settled within 48 hours
  • The transaction meets enhanced clearing data requirements
  • The business’s MCC is either 5812 (eating places/restaurants) or 5814 (fast food restaurants)

Typical bundled qualification:
The CPS Restaurant interchange category is often considered “qualified” by processors for transactions processed by both card-present and card-not present businesses.

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Ben Dwyer

BY Ben Dwyer

Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing. As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.

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