How to Read a Merchant Statement – Tier Pricing

  In this episode, I’m discussing how to read a merchant processing statement that’s on tier pricing.  Identifying whether a statement is tier pricing is relatively simple.  Look for these words:  “qualified,” “mid-qualified,” and “non-qualified.”  Usually those words will be abbreviated on the statement.  “qual” represents “qualified.”  “m-qual” represents “mid-qualified.”  And “n-qual” represents “non-qualified.” Before explaining … Continue reading How to Read a Merchant Statement – Tier Pricing