|
Rates and Fees
|
Definition
|
Examples
|
| Check Card Rate |
The percentage pricing rate specific towards Signature Debit
cards or Debit Cards with Visa or MasterCard logos on the card. |
0.89%
|
| Qualified Rate |
The rate tier for all general swiped credit card transactions. |
1.65%
|
| Mid-Qualified Rate |
Swiped transactions of credit cards with built in rewards program. |
3.24%
(Qual + 1.59%)
|
| Non-Qualified Rate |
Rate Tier designated for Corporate, Business, International Cards.
Includes keyed in transactions or batch settlements exceeding 24 hours. |
3.54%
(Qual + 1.89%)
|
| Transaction Fee |
Fee charged for every time a transaction is ran or generated. |
0.22 cents
|
| Statement Fee |
A monthly processing fee for generating the data for mailing statements. |
$9.50
|
| Monthly Minimum |
The minimum discount fees a merchant has to process monthly. |
$25.00
|
| Batch Fee |
A per incident fee charged every time a batch is settled. |
0.25 cents
|
| Termination Fees |
The initial Terms is 3 years with a 2 year Auto Renewal Term. |
1st year $550
2nd year $375
3rd year $300
|
