Merchant Services Terms Beginning with Q

Qualified Discount Rate – A Qualified Discount Rate is the percentage that a business is charged when they process a regular consumer credit card in a conventional manner governed by their merchant account provider that uses an accepted credit card processing solution. This is almost always the smallest rate a merchant may pay when taking credit cards for sales purchases.

Qualified Rate – A Qualified rate is the percentage rate that a merchant is charged whenever that merchant accepts a traditional consumer credit card and processes it in a standard manner defined and determined by their merchant account provider, and employing an approved credit card processing solution.

Questionable Merchant: is a merchant or merchant location at which an excessive number of confirmed fraud transactions have occurred within a specified period.