What is a Merchant Account Downgrade?

A downgrade occurs when a transaction fails to meet certain pre-defined criteria from Visa or MasterCard, and an additional charge is added to the discount rate for processing the transaction.

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Posted on March 8th, 2008 by Robb Lejuwaan in Basics, Interchange, Key Phrases, Merchant Account, Qualification, Rates and Fees , , , , , , ,

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1. Interchange Compliance - Downgrades (Part One) | Straight Pass Through - March 29, 2008

[...] your bank account. Best of all of the Visa transactions that do not settle with in 24 hours will be downgraded to a card category named EIRF. Cost of the fine - .76% increase to your discount rate and that is [...]