Information for merchants

The MasterCard^® Quick Payment Service (QPS) program will allow your cashiers to process qualified MasterCard transactions quicker than before – putting your customers on the fast track to a speedy checkout. QPS simplifies the payment process when accepting small-ticket MasterCard transactions under the pre-specified floor limit. See the chart below.

Payment process comparison

QPS Swipe Retrieve Card MasterCard Quick Payment Service offers speed with chargeback protection CASH Give Cash Cashier Makes Change Hands Back Change       CREDIT Swipe Authorize Print Receipt Sign Retrieve Card   DEBIT Swipe OK Amount Select Account Enter PIN Authorize Print Receipt Retrieve Card

How the MasterCard Quick Payment Service works

A QPS transaction process is the same as a standard MasterCard transaction, only faster, because you do not require a signature from your customer for transactions under the pre-specified floor limit. You simply swipe the MasterCard card and return it to the cardholder... No Signature or Receipt Required! However, if a customer requests a receipt, one must be provided.

Benefits to your business

• Chargeback Protection – On MasterCard QPS transactions under the pre-specified floor limit, an issuer cannot charge back a below-the-floor limit transaction for: non-receipt of item, requested item illegible or fraudulent transactions.
• 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.
• No Additional Equipment Required – Merchants use their existing point-of-sale equipment to process a MasterCard QPS transaction.

MasterCard QPS Categories

The following is a listing of Merchant Category Codes (MCC) eligible for QPS and their corresponding chargeback protection limits.

MCC Merchant Category Limit (CDN) 5499 CONVENIENCE STORES $50 5912 DRUGSTORES/PHARMACIES $50 5814 QUICK SERVICE RESTAURANTS $50 7832 MOVIE THEATRES $50 7523 PARKING LOTS/GARAGES $50 5541 PETROLEUM SERVICE STATIONS $50 5411 GROCERY/SUPERMARKETS† $50 5735 MUSIC STORES† $50 5942 BOOKSTORES† $50 5994 NEWSSTANDS† $50 7216 DRY CLEANERS† $50 7841 VIDEO STORES† $50 Effective April 4, 2008, any applicable MasterCard transaction acquired in Canada at a registered QPS merchant does not require a signature for transactions totalling CAD$50.00 or lower, and is afforded chargeback/retrieval protection. This is recognized globally and applies to all transactions, regardless of issuer geography. All other program requirements remain unchanged. †Requires MasterCard PayPass® acceptance at a minimum of one check-out. The information contained in the chart is subject to change.

How can you become a QPS Merchant?

1. Register through your acquirer
   

   	Chase Paymentech Solutions
   	Global Payments
   	Moneris
   	First Data
   	UNPS

2. The acquirer then sends the registration to MasterCard for validation.

*QPS MasterCard transactions are faster than cash transactions when no signature is given and no receipt is provided.

Downloadable Fact Sheet

MasterCard QPS fact sheet for merchants