Debit Transactions. These transactions occur when (a) a card is accepted for payment which is linked to a checking or savings account and authorized by the cardholder solely by entering his personal identification number (“PIN”), and (b) also includes signature debit (a debit card that is accepted for payment which is linked to a checking or savings account and authorized solely by the cardholder’s signature).
Card Transactions. Our Discount Rates and other fees vary according to the type of card transaction. This section describes how we determine which transaction types qualify for what transaction rates. The transaction types include (a) credit card transactions and (b) PIN-less debit transactions (a debit card that is accepted for payment, which is linked to a checking or savings account and the transaction is authorized by a cardholder without entry of his personal identification number (“PIN-less”) and is routed through electronic funds transfer (EFT)/PIN debit network; for clarity, it specifically excludes Debit Transactions as listed above):
(a) Qualified Discount Rate. The rate charged on transactions that have the following attributes: swiped non-rewards consumer signature credit or debit cards where the full magnetic stripe has been read that are electronically authorized and closed in a daily batch, except for those cards issued by Chase and PIN-less transactions.
(b) Mid-Qualified Discount Rate. The rate charged on transactions that have the following attributes and have not qualified to be charged the Qualified Discount Rate: keyed debit cards with matching AVS response for “card present” transactions; keyed consumer signature debit cards with valid AVS response and order number for “card not present” transactions; some categories of rewards signature credit cards where the full magnetic stripe has been read that are electronically authorized, keyed debit cards for PIN-less transactions; and swiped credit cards that are issued by Chase and in each of the preceding cases have been closed in a daily batch.
(c) Non-Qualified Discount Rate. The rate charged on transactions that have the following attributes and have not qualified to be charged the Qualified or Mid-Qualified Discount Rate: Business, Corporate, Purchase, International, Government, Rewards, World cards, “High End Value” or other such rewards cards as defined by the card issuers; keyed credit cards, keyed Consumer credit or debit cards without fully matching AVS batches not closed within one (1) calendar day of transaction; and any Pre-Authorized sale that is not processed/captured within seven (7) business days.
3. ADDITIONAL FEES. Unless special promotional pricing, offers, or exclusions apply to you, the following rates and fees apply to all credit cards and debit cards (including PIN-less transactions), ACH, and invoice transactions.
Card Transaction Fee: This fee is charged each time communication is made with the host and the authorizing network.
ACH Transaction Fee: This is the fee charged for processing electronic funds transfers through the Automated Clearing House network.
Monthly Service Fee: This fee is charged per month to keep the merchant account open.
4. MISCELLANEOUS FEES. The following additional fees will apply to your use of the Services and Gift Card Services, where applicable:
