Detailed Definitions and Rates:

Please note, these fees may or may not apply to you.  Fees vary depending on credit card type and the circumstances of the transaction.  Speak with our Merchant Account representative for more details.

Starter Package

Elite Package

Online Reporting Tool ($9.99 Monthly Value!)

FREE

FREE

Annual Fee

FREE

FREE

Address Verification (AVS)

FREE

FREE

Gateway Setup

FREE

FREE

Monthly Minimum

FREE

FREE

Set Up Fee

FREE

FREE

Dues and Assessments – Pass Thru from Visa/MC

0.11%

0.11%

Batch Header Fee

$0.40

$0.29

Additional Rewards Rate

0.11%

0.11%

Additional Non-Qualified Discount Rate

1.82%

1.82%

Chargeback/Retrieval Request

$15.00

$15.00

Early Termination Fee

$99.00

$99.00

 

TERMS

Batch Header Fee A fee charged when a group of transactions are sent to the processor for settlement.

Reward Cards Transactions will have an incremental 0.11% (11 Basis Points) added to Qualified and/or NonQualified categories.

NonQualified 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 qualified rate for discount rate and transaction fee.

Chargeback - A chargeback occurs when a cardholder contacts their card issuer in dispute of a transaction.  The card issuer then submits a chargeback to the acquirer.

Retrieval Request - When the cardholder’s issuing bank requests information from the merchant about a particular sale.  This is also done to investigate a chargeback claim that has been made.

Early Termination Fee - The initial term of the Merchant Agreement is 3 years and automatically renews for additional 2-year periods.  If this Agreement is terminated prior to the expiration of the initial term or any renewal term, you will be subject to this fee.