Common use of Tiered Transaction Pricing Clause in Contracts

Tiered Transaction Pricing. A tiered transaction is assessed a Qualified, Mid- Qualified, Non-Qualified, or High-Risk Transaction Fee and Discount Rate, which is primarily based on interchange classifications under the Operating Regulations but may depend on other factors. You may be able to avoid processing certain non-qualified transactions by using a product established by the Associations that supports authorization and market data requirements. We do not guarantee that your transactions will qualify for any given rate, and we have no liability for a transaction’s failure to so qualify. In addition, Card transactions that do not meet the necessary criteria for payment are subject to complete denial, reversal and/or chargeback. The items listed in this Section are not intended to be a comprehensive list of all instances in which a transaction may not qualify as fully qualified.