Industry Insights
A Guide to Reducing Fees
HealthCard continuously works to educate and provide awareness to clients in how to minimize the costs associated in accepting credit and debit cards. Armed with a more complete understanding you gain greater control of those add-on fees. Following are the transaction qualification rules. Simply following this guide will reduce your monthly processing fees.
Credit Card Transaction Qualification Rules
QUALIFIED TRANSACTION CONDITIONS
(Best Rate)
Card is present, full magnetic stripe is read by the terminal and
signature is obtained
One electronic authorization request
is made per transaction
Authorized transaction amount must
match settled (batch) transaction amount
Transactions settled before 2:00 am on the day
after the transaction is authorized
Additional data (sales tax and customer code)
required on all commercial cards
MID-QUALIFIED TRANSACTION CONDITIONS
One or more of the Qualified conditions are not met,
or
Transactions settled late, but less than
two days after authorization date
Key-entered transaction with AVS* and CVV**
NON-QUALIFIED TRANSACTION CONDITIONS
Key-entered transactions without AVS* and CVV**
Transaction settled two days after authorization date,
or
Transaction was forced without an authorization,
or
Commercial cards accepted without the
required additional data
*AVS - Address Verification Service (Zip Code)
**CVV - Card Verification Value (back of card, last three digits)
If you need further information on any of the above tips, or would like HealthCard to provide a free analysis of your current processing program, please contact us directly.
Call, fax or e-mail us at:
HealthCard Systems, LLC
Sherbrooke Office Center II
201 West Passaic Street, Suite 304
Rochelle Park, NJ 07662
(866) 464-4555
Fax (201) 845-5006
