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Video instructions and help with filling out and completing Where Form 5495 Payments

Instructions and Help about Where Form 5495 Payments

How much did your non-qualified rate be when you look at your statement you're going to see qualified been qualified and non-qualified non qual today I'm going to talk about how much you should be paying for your non-qualified transactions transaction expert calm is the leader it transaction services we build your online presence and point-of-sale system to integrate with each other if you are ready to understand and control the entire customer experience visit transaction expert calm sadly many small business owners look at their statement or they talk to their sales rep from the credit card processing company and really all they look at is they just look at how much is like qualified rate what's my transaction fee but unfortunately many of the fees that you're paying a large percentage of those fees are going towards your non-qualified fees your mid Paula fight fees so you want to definitely look at those now for a non-qualified usually your non-qualified rate is going to be about 1.5 percent higher than your qualified fees so when we look at the qualified transactions and we see that the qualified rate is let's say it's you know 1.5% then you would expect your non-qualified transactions to be at three percent okay 1.5 plus 1.5% for non-qualified now keep in mind some credit card processing companies list this in different ways most of them will actually have non-qualified they'll have the volume or the number the amount of the transactions that was not qualified then they'll have times you know three percent others will put all the transactions as qualified and then they'll add the 1.5% as a surcharge which is what we're going to talk about in the next video but you got to make sure you understand that and so...