Standard

Standard is the lowest qualification level at which a Visa or MasterCard transaction may interchange. This classification typically applies when a transaction is deposited several days after the original authorization and when the card is not physically swiped at the point of sale.

Key characteristics of a standard qualification level include:

In summary, the standard qualification level is assigned to Visa and MasterCard transactions that are delayed in deposit or lack a physical card swipe. Understanding and mitigating the factors that lead to standard qualification can help merchants reduce interchange fees and improve transaction efficiency.