Tiered Pricing terminology, which is typically the lowest rate the merchant will pay. The exception is if they have a four tiered pricing structure, where acheck card qualified discount rate is supposed to be lower than the qualified discount rate. For a retail merchant, this will be a swiped consumer credit or check card transaction. For a MOTO or Internet merchant, this will be a keyed consumer credit or check card transaction using AVS, including an invoice number. For both retail and MOTO or Internet merchants, the transaction must be batched out within 24 hours of the time of the transaction. Since Stillwater Payments uses interchange pricing structures, this rarely applies to Stillwater Payments’s merchant clients.