Qualified Discount Rate

Qualified Discount Rate

The lowest possible rate a credit card company may assess on a merchant per transaction. It is calculated as a percentage of the value of the transaction. For example, if there is a 1% qualified discount rate and one charges $100 on a transaction, the credit card company assesses $1 on the merchant. The qualified discount rate is assessed on those merchants that follow the credit card company's guidelines. See also: Merchant Account.
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When they check out with their groceries, customers will receive a scan-coded voucher at the register indicating their qualified discount rate, which they can then use at the SHOP 'n SAVE Express pump.
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