NS Merchant Accounts (Internet/Mail
Order/Phone Order)
|
Application
Fee |
$0.00 |
|
Setup Fee |
$0.00 |
|
Annual Fee |
$0.00 |
|
Qualified
Discount Rate (Visa/MasterCard/Discover) |
1.99% + $0.29 per authorization |
|
Monthly (On
File) Statement Fee |
$10.00 |
|
Gateway
Setup Fee |
$0.00 |
|
Gateway
Monthly Fee |
$17.99 |
|
Gateway
Transaction Fee |
$0.05 |
|
Address
Verification |
$0.00 |
Additional Merchant Account Rate and Terms
My Merchant Data – Online reporting tools FREE
|
Batch
Header Fee |
$0.29 |
|
Monthly
Minimum |
$25.00 |
|
Additional
Non-Qualified Discount Rate |
+1.82% |
|
Card Association Dues & Assessments |
+0.11% |
|
Chargeback |
$15.00 |
|
Retrieval
Request Fee |
$15.00 |
|
Returned
ACH |
$25.00 |
|
3 year or
Early Termination of Contract |
$99.00 |
|
Voice
Authorizations |
$0.95 |
|
Qualified Transactions - Applies to bankcard transactions where an
authorization is obtained, the authorization amount exactly matches the
transaction amount, additional data required by Visa and MasterCard is
provided, and where (i) FOR RETAIL, card is swiped,
the terminal transmits all of the magnetic stripe data, transaction date is
within one (1) day of authorization date, and deposit (batch) date is within
two (2) days of transaction date; or (ii) FOR MOTO, including voice
authorized, key-entered consumer card sales, commercial cards and purchasing
cards accepted by merchants, authorization date is within seven (7) days of
transaction date and deposit (batch) date is within two (2) days of the
transaction date. The discount rate is applied to gross sales dollar volume.
Transaction fees are charged for all transactions (as defined in the Merchant
Processing Agreement). |
|
Non-Qualified Transactions - All bankcard transactions which do
not fall within one of the categories listed above, for which an
authorization is obtained and deposit date is within seven (7) days of
transaction date (for Visa) or 30 days of transaction date (for MasterCard).
THIS IS ADDED TO THE MID-QUALIFIED RATE (FOR RETAIL) OR QUALIFIED RATE (FOR
MOTO) FOR DISCOUNT RATE AND TRANSACTION FEE. |
|
Reward Cards - Transactions will have an
incremental .11% (11 Basis Points) added to Qualified and/or Non-Qualified
categories. |
|
Authorization Fees - Fees are assessed for every occurrence of
the event. Please refer to the Merchant Processing Agreement for more information
on each charge. |