What is a “Qualified” or “Non-Qualified” Transaction?
Certain conditions must be met for an Internet transaction to Qualify for the 2.29% (or applicable) discount rate. If a transaction doesn’t Qualify, it becomes a Non-Qualified transaction and the discount rate will increase (please check your Schedule of Fees). Due to increased RISK, Visa/MasterCard increases the COST to merchants for Non-Qualified transactions.