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Smart Questions: What products/services do you want to sell to your customers? Transactions are divided into three categories: qualified (i.e. swiped), mid-qualified (non-swiped), and non-qualified (corporate and foreign V/MC). Swiped transactions have a lower risk, with a lower rate; mid-qualified and non-qualified transactions carry more risk, and, therefore a higher rate. Balancing these risks with the nature of the product or service and your monthly business volume are just some of the factors which determine the final purchase rate.
Our strategic partner, Merchant's Choice Card Services Nationwide (MCCSN), is a direct representative of the processing bank and affiliated with federally insured (FDIC) processing banks throughout the USA. Therefore, by making these banks "compete" for our business, we can offer the lowest possible cost to you.
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