What are qualified, mid-qualified, and non-qualified transactions?
These refer to three general categories of charges. Most often, they are: • A qualified transaction is a normal credit card which was swiped through the Point-Of-Sale terminal. • A mid-qualified transaction means the credit card had to be manually typed in with “AVS” and a “CVV2 code”. This occurs when you take orders online, by phone, or if the credit card strip is not readable. • A non-qualified transaction is a corporate credit card, business card, rewards card, or foreign card, or the credit card sale was keyed without using AVS or a CVV2 code. Mid-qualified and non-qualified transactions are more expensive to process than qualified transactions.