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How do I avoid downgrades?

Avoiding downgrades ensures that you are paying the lowest possible transaction fees. A transaction can fall into one of three rate categories and processors charge a different fee depending on which category a transaction falls into. A transaction can fall into one of the following categories:

  • Qualified – lowest risk and lowest cost per transaction
  • Mid-qualified
  • Non-qualified – highest risk and highest cost per transaction

What is a downgrade?

Read More “How do I avoid downgrades?”

When are the monthly fees deducted from my bank account?

Monthly fees are taken out of your account between the first and fifth business day of the month. For example, your account activity in January will be debited on the second business day of February.

When fees are deducted, the descriptor on your bank statement is typically one of the following:

  • CR CD CHBK: Debit for chargebacks
  • CR CD ADJ: Adjustments
  • MERCH FEES: Card brand fees and account fees