How do restaurants process tips on credit cards?

Answer When paying for a restaurant bill with a credit card, you may wonder how the establishment knows how much to charge to your card when you have not yet designated the amount of the tip.ProcessWhen a... Read More »

Top Q&A For: How do restaurants process tips on credit cards

How to Process Credit Cards for the Least Cost?

Without exception, the least expensive way to process credit cards is by being set up with your processor on "Interchange." Interchange is the industry rate class for "cost plus" pricing.

Do fast food restaurants accept credit cards?

Increasing competition and the growing number of consumers using credit cards for all kinds of purchases influences fast food restaurants to accept credit cards in order to maintain and gain more b... Read More »

Do Restaurants Have a Right to Automatically Charge Tips to Your Credit Card?

While the choice of whether or not to grant a tip has traditionally been left up to the diner, some restaurants have taken to automatically adding a gratuity on to the cost of a meal. While this is... Read More »

The Similarities Between Islamic Credit Cards & Conventional Credit Cards?

The Koran, the holy scripture of Islam, forbids Muslims to charge interest. As with the Hebrew Scriptures, the Koran places lending in the category of charity, and so regards interest as a form of ... Read More »