What is the difference between Qual, Mid, and Non?
Qualified discount rates are card present transactions, a retail transaction that is card swiped and the merchant batches out at the end of the day. Qualified discount rate is applied for all transactions meeting the “normal” operating guidelines as outlined below: * All Merchants Close batches daily * Retail (Terminal) Merchants Magnetically swiped & electronically authorized charges * Internet / MOTO Merchants Electronically authorize charges using AVS and including order numbers for Visa and MasterCard transactions Mid-Qualified discount rates are a card not present transaction, which includes the billing address being passed for an authorization or sale transaction. This also applies to Loyalty/Reward cards. The discount rate for this transaction is higher than the discount rate for a Qualified transaction. Mid-Qualified discount rate is applied for all transactions meeting the operating guidelines as outlined below: * Retail (Terminal) Merchants Manually keyed orders using AVS & o
