Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a mid-qualified rate?

mid-qualified rate
0
Posted

What is a mid-qualified rate?

0

When a transaction is processed in accordance with the rules established in the Payment Processing Agreement, signed by the merchant and his or her processor, but does not meet the highest standards for payment acceptance and/or complies with most but not all applicable security requirements, it is charged a discount rate that is less favorable than the qualified. That rate is called a mid-qualified rate.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.