Credit Card Processing

Non Qualified Rate: A Figment of Your Processor Imagination

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If so, you’ll be really happy to learn that non-qualified rates are primarily a figment of your processor’s imagination. They are often used to increase profits through the practice of excessive surcharging. Non-qualified rates can be easily avoided, and this article will show you how to rid yourself of non-qualified fees. The Frustration of Non-Qualified …

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Credit Card Processing

Visa Network Participation Fee

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We’re leaving this article here for historical reference, but will not be updating it. Instead, new information about the Fixed Acquirer Network Fee (FANF) can be found at the post linked above. Visa has announced a new Network Participation Fee and pricing structure in response to the Durbin Amendment. Part of the amendment allows merchants …

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Credit Card Processing

Interchange Rates and Fees

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Often shortened from “interchange reimbursement fees,” interchange refers to a set of categories that are used to determine the rates for individual card transactions. Every category has requirements for eligibility and a rate associated. Those rates change at the card brands’ discretion, typically twice a year. Interchange can be a complex topic. For the purposes …

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