Merchant Account Glossary - Q

Qualified Discount Rate
Discount rates are tiered as the following:

• When conditions are optimum a Qualified Discount Rate is given to the merchant. This means that retail transactions are card-swiped and the merchant does an electronic batch settlement (batches-out) at the end of everyday. For Keyed or Internet merchants to receive a Qualified Discount Rate they can obtain an AVS response and an order number. They also need to batch-out.
• Mid-Qualified Discount Rates are given to retail merchants when they key a transaction or they do not batch-out at the end of everyday. 
• Non-Qualified Discount Rates are given when the merchant does key in transactions and they do not Batch-out at the end of everyday.