Credit Card Processing Glossary
General: Mastercard Consumer Debit - Small Ticket
- This category is for debit cards
- Discounted rate with a smaller per-item fee for transactions less than $15
- Only the following kinds of businesses can qualify for small ticket: Local commuter Transport, Taxicabs and Limousines, Bus Lines. Tolls and Bridge Fees, Restaurants, Newsstands, Laundries, Dry Cleaners, Copy shops (like Kinkos), Car Washes, Parking Lots and Garages, Movie Theaters and Videotape Rental Stores
- Cardholder must be present and the card must be swiped and authorized at time of purchase
- Customer signature is not required
- Must settle within 2 days of purchase
- Auth amount must equal settled amount except for retail sale (type 5) transactions where auth may exceed settled amount by 10% or less and Limos and Taxies.
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