Merchant Discount Rate. a. The Merchant Discount Rate that we will apply to your Transactions will vary depending on whether the Transaction is a “qualifying” Transaction or a “non-qualifying” Transaction in accordance with the applicable Card Association Rules. A “qualifying” Transaction under the applicable Rules qualifies for the lowest applicable interchange rate set by the Card Association. A “non-qualifying” Transaction under the applicable Rules does not qualify for the lowest applicable interchange rate and is subject to a higher interchange rate, based on various criteria regarding the type of Transaction, as determined by the applicable Card Association and set out in the Rules.
Appears in 13 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
