Rates and Fees

Credit card processing rates vary by a wide range of factors, including your business type, the method of processing, type of card used and average sale amount.

Processors charge different rates for different types of transactions. For example, one rate for swiped transactions and a higher rate for key-entered transactions.

The lowest rate you receive is generally known as your “qualified” rate and the higher rates are known as “mid-qualified” and “non-qualified” rates.

Credit card is swipped through a terminal and a signature is obtained.

A credit card is keyed into a termial and the AVS (Address Verification System) address and
zip code information is keyed in. Or a rewards
card is swipped and signature is obtained.

A credit card is keyed in and no AVS informtion was provided. Or a business card was
processed even with signature.

The fee asssessed to a merchat when a credit card is presented for payment . This fee is
charged for verifying if the card is in good standing
and verifying if there is avaialable credit. If the card
is in good standing and there is avaiable credit, the
sale is captured and the clients credit cards availabe
credit is adjusted