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Originally Posted by Kimmykim
So your Visa rate isn't 3, its 4.75, basically.
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Effectively that is correct. HMS still sets the rate at 3.00%, but because Visa chooses to penalize adult merchant more than MasterCard does (at least at this time) Visa requires that we classify all their transactions as downgraded to NON Qual.
That is why I disclose the downgrade in advance so merchants are aware. I do not want merchants, adult or otherwise, to have surprises after the fact.
Steve