Overview

Helping you understand processing transaction fees.

Account Fees

What is a Qualified Fee-Customer Discount Rate?

• A Qualified Fee-Customer Discount Rate is a Interchange Fee charged that's been passed down by the associations plus Moneris' Expense on each credit card transaction.
  • The average Minimum Discount Rate (MDR) is between 1.5% and 2.5%.
  • The Minimum Discount Rate (MDR) is always a percentage of the credit card transaction.
  • The Minimum Discount Rate (MDR) can be charged on Visa Debit, Debit MasterCard, and Maestro transactions.

What is a Non-Qualified Fee?

• A Non-Qualified fee is a fee charged that represents a qualification rate for transactions that are of higher risk or for specialty cards.
• The Non-Qualified rate is applied to these transactions, in addition to the MDR.

What is an Interac Surcharge Fee?

• A Interac Surcharge Fee is a fee that is charged that then allows you to program your device to charge cardholders for processing their Interac transactions.

What is a Refund Transaction Fee?

• A Refund Transaction fee is a fee charged to recover the cost associated with processing a Visa and MasterCard refund transaction for Visa and MasterCard.

What is a Card Not Present Fee?

• Card Not Present Fee is a fee charged when a card is entered manually rather being present to tap or insert.

What is a Flat Fee?

• A flat fee is a fee charged on each purchase transaction, and it is always in cents; for example, $0.15, no matter the dollar amount of the transaction.