docMasterCard QPS fact sheet for merchants
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MasterCard QPS fact sheet for merchants
www.mastercard.ca Merchant Benefits MasterCard QPS Categories ® MasterCard QPS Fact sheet for merchants With QPS, merchants will serve more customers – faster. MasterCard® QPS also offers the merchant additional benefits: • Chargeback protection – on MasterCard transactions under specified limits, an issuer cannot charge back a transaction for: non-receipt of item, requested item illegible or no cardholder authorization transactions 7832 Movie Theatres $35 7523 Parking Lots/Garages $50 • No additional equipment required – merchants use their existing point-of-sale equipment to process a MasterCard transaction 5541 Petroleum Service Stations $50 5411 Grocery/Supermarkets $35 5735 Music Stores $25 5942 Bookstores $25 5994 Newsstands $25 7216 Dry Cleaners $25 7841 Video Stores $25 For more information, please visit the Merchant Section at www.mastercard.ca QPS is a program that allows a merchant to process payments for small ticket purchases faster. With MasterCard QPS, no cardholder signature is required and a receipt does not have to be provided, unless requested. © 2008 MasterCard. All rights reserved. qps sheet dec 212007 / 4:25PM 6 $25 $25 What is MasterCard QPS? RS Convenience Stores Quick Service Restaurants To become a MasterCard QPS merchant, please contact your acquirer/card processor. AICS2 5499 5814 As a global leader in innovation, MasterCard Worldwide offers programs and products that build customer MC-70066D qps sheet.ai 8.5” x 11” Limit** $35 How to Become a QPS Merchant MC-70066B Merchant Category Drugstores/Pharmacies Leading Payments Innovation potential of the small ticket market. MCC* 5912 For merchants who perform face-to-face electronic transactions, a QPS transaction process is the same as a standard MasterCard transaction, only faster, because a customer signature is not required for transactions under the specified limit. A receipt does not have to be provided, unless requested. the future. MasterCard Quick Payment Service (QPS) is one such program that helps merchants maximize the eligible for QPS and their corresponding limits. • Increased sales – customers are no longer restricted by cash on hand, so they tend to spend more and are satisfied by the increased speed of the transaction How a MasterCard QPS Transaction Works satisfaction, generate increased sales and encourage consumer spending – helping businesses today and into The following is a listing of merchant categories * Merchant Category Code **For domestic transactions in Canadian dollars. For international transactions, see your acquirer/card processor. The information contained in the chart is subject to change. If the limits are modified, a bulletin will be issued. www.mastercard.ca Merchant Benefits MasterCard QPS Categories ® MasterCard QPS Fact sheet for merchants With QPS, merchants will serve more customers – faster. MasterCard® QPS also offers the merchant additional benefits: • Chargeback protection – on MasterCard transactions under specified limits, an issuer cannot charge back a transaction for: non-receipt of item, requested item illegible or no cardholder authorization transactions 7832 Movie Theatres $35 7523 Parking Lots/Garages $50 • No additional equipment required – merchants use their existing point-of-sale equipment to process a MasterCard transaction 5541 Petroleum Service Stations $50 5411 Grocery/Supermarkets $35 5735 Music Stores $25 5942 Bookstores $25 5994 Newsstands $25 7216 Dry Cleaners $25 7841 Video Stores $25 For more information, please visit the Merchant Section at www.mastercard.ca QPS is a program that allows a merchant to process payments for small ticket purchases faster. With MasterCard QPS, no cardholder signature is required and a receipt does not have to be provided, unless requested. © 2008 MasterCard. All rights reserved. qps sheet dec 212007 / 4:25PM 6 $25 $25 What is MasterCard QPS? RS Convenience Stores Quick Service Restaurants To become a MasterCard QPS merchant, please contact your acquirer/card processor. AICS2 5499 5814 As a global leader in innovation, MasterCard Worldwide offers programs and products that build customer MC-70066D qps sheet.ai 8.5” x 11” Limit** $35 How to Become a QPS Merchant MC-70066B Merchant Category Drugstores/Pharmacies Leading Payments Innovation potential of the small ticket market. MCC* 5912 For merchants who perform face-to-face electronic transactions, a QPS transaction process is the same as a standard MasterCard transaction, only faster, because a customer signature is not required for transactions under the specified limit. A receipt does not have to be provided, unless requested. the future. MasterCard Quick Payment Service (QPS) is one such program that helps merchants maximize the eligible for QPS and their corresponding limits. • Increased sales – customers are no longer restricted by cash on hand, so they tend to spend more and are satisfied by the increased speed of the transaction How a MasterCard QPS Transaction Works satisfaction, generate increased sales and encourage consumer spending – helping businesses today and into The following is a listing of merchant categories * Merchant Category Code **For domestic transactions in Canadian dollars. For international transactions, see your acquirer/card processor. The information contained in the chart is subject to change. If the limits are modified, a bulletin will be issued.
