Qualified and Downgraded Credit Card Transactions
Each Credit Card Association publishes an interchange rate table with the different credit and debit card processing rates. Interchange is actually a general term describing dozens of electronic card transaction processing rates regulated by the Visa and MasterCard. They depend on a variety of factors related to the sale and the way the payment is processed. There are three general classifications: Qualified Rate. When a transaction is processed in accordance with the rules and standards established in the Payment Processing Agreement, signed by the merchant and his or her processor, and complies with all applicable security requirements, it is charged the most favorable discount rate. ...
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