What is the difference between qualified, mid-qual, and non-qual transactions?

Qualified discount rate is applied for all transactions meeting the "normal" operating guidelines as outlined below:

* All Merchants
Close batches daily (Not closing a batch can down grade a qualified rate to a mid-qualified rate. If a batch is open for over a week the transaction will downgrade to non-quailed.)

* Retail (Terminal) Merchants
Magnetically swiped & electronically authorized charges

Mid-Qualified discount rate is applied for all transactions meeting the operating guidelines as outlined below:

* Retail (Terminal) Merchants
Manually keyed orders using AVS & order number on Visa and MasterCard transactions. Also if a merchant doesn't batch out the a qualified transaction can downgrade to mid-qualified transaction.


* Internet / MOTO Merchants
Electronically authorize charges using AVS and including order numbers for Visa and MasterCard transactions and CVV code.

 

Non-Qualified discount rate is applied for all transactions meeting the operating guidelines as outlined below:

* All Merchants
- Not Closing batches daily
- Not using AVS & providing order numbers on manually 
keyed or Internet transactions for Visa Cards
- High Risk Merchants (Visa Transactions Only)
- Following Card Types:
: Business and Corporate cards
: MasterCard/Visa Business cards
: Procurement cards (Government)
: Visa Signature cards
: MasterCard World cards

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