What is a mid-qualified rate?

The mid-qualified rate is charged for transactions that do not fit the criteria for the qualified rate. For example, the mid-qualified rate is charged if a sales clerk manually keys in credit card information instead of swiping the customer’s card (the clerk must perform address verification; otherwise the merchant will pay the non-qualified rate). Rewards cards and some business cards fall into the mid-qualified category.
Answers | Our Experts Respond to Your Questions

Payment Systems Worldwide answers the most common merchant questions. If you have a question not answered below, please don’t hesitate to contact us.