11/29/2002

The term "non-qualified" transactions can be a bit confusing.  Non-qualified transactions are allowed
and are readily processed, but incur extra fees beyond those of  "qualified" transactions which
are assigned the standard or advertised transaction rate.
Non-Qualified Transactions typically refer to ...
        - Transactions lacking Address Verification data, (AVS)
        - Late Batch Settlements
        - Non U.S. credit cards
        - "Company", "Corporate", "Business", or "Purchase" Credit Cards

All Merchant Banks assign additional fees to non-qualified transactions. Some banks will conceal these fees by
quoting one fixed transaction rate and claiming the rate to be unaffected by non-qualified transactions when in fact
the additional fees are either already incorporated into the fixed rate or are being assessed as separate items.
 

Non-Qualified Transactions 
(for mail/tel/internet merchants)
Interchange Fees

AAMS Merchant Bank  - MC/Visa Interchange fees are passed on by AAMS without markup. 
Other merchant banks assess interchange premiums for non-qualified transactions 
by adding 1.5% to 2.0% to your quoted rates.

ELECTRONIC DATA CAPTURE WITHOUT THE CREDIT CARD PRESENT

SECTION

EXCEPTION TO

TRANSACTION REQUIREMENTS
AAMS Merchant Bank
FEE PER TRANSACTION
VISA
MASTERCARD
PER ITEM FEE
RATE 

PER $ AMOUNT
PER ITEM FEE
RATE PER $ AMOUNT
A.
EIRF
Visa transaction is electronic, authorized without enhanced auth and settlement record, or is settled beyond 7 days after auth date, or Visa amount settled not equal to authorized amount, or is settled within 2 days of transaction/shipping date.

$0.00

.0020

N/A

N/A
B.
STANDARD
Transaction is not authorized or is not electronic, or is settled beyond 2 days of transaction/shipping date, or MasterCard amount settled not equal to authorized amount, or incomplete settlement record.

$0.00

.0050

$0.00

.0064

C.
COMMERCIAL
CARD
ELECTRONIC
All standards met except Corporate, Business and Purchasing card electronic transaction, without commercial card data.

$0.00

.0030

$0.00

.0045

D.
COMMERCIAL
CARD
STANDARD
Corporate, Business and Purchasing card transaction is not authorized or not electronic. Transaction is without enhanced auth or settlement record or incomplete settlement record. 

$0.00

.0070

$0.00

.0064
E.
COMMERCIAL
CARD FOREIGN
ELECTRONIC
All standards are met except MasterCard Purchasing, Corporate or Business cards without commercial card data included.Non-USA issuer.

N/A 

N/A

$0.00

.0020
F.
FOREIGN
STANDARD
Transaction is not authorized or is not electronic, or is settled beyond 2 days of transaction/shipping date, or incomplete record. Non-USA issuer.

N/A

N/A

$0.00

.0020
G.
COMMERCIAL
WORLD CARD
ELECTRONIC
All Standards are met except card is a MasterCard World Card with or without card swipe and Merchant SIC code is 4722 Travel Agents.

N/A

N/A

$0.00

.0030