How Many Different Rates Are There?
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| The discount rate is the percentage of the
total transaction amount paid to the processor for handling your
account. Rates vary based on the criteria presented below, and
will vary from bank to bank depending on the business types they choose
to serve. |
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- Qualified Rate
Card present at the time of transaction. (Retail)
|
- Mid–Qualified Rate
Card Not Present. (Internet, mail, catalog)
|
- Non–Qualified Rate
Corporate or International Card.
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