“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.
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.
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.
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.
Point of sale apps let you carry out more functions than simple cash registers or credit card readers.
Delivery apps have taken the dining world by storm, leaving many restaurateurs wondering, “Should I use Grubhub?”
Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.
Restaurants notoriously operate on thin margins, so ensuring that you’re not overpaying for credit card processing can help your bottom line.
