Comments on: EIRF: A nasty four-letter word for merchants http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/ Explaining the payments industry so you can manage costs and risks Sun, 29 Jan 2012 10:13:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jami http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-128 Jami Thu, 19 Jan 2012 23:47:40 +0000 http://blog.creekfinancial.com/?p=55#comment-128 Good explanation however this is not the only reason a transaction would downgrade to EIRF. As you mentioned above, the authorization amount and settlement amount not matching is one. Transactions can also downgrade to EIRF if they are not settled within the time frame required by Visa. And they can also downgrade to EIRF if the billing address does not match up when keying a transaction in. You can find this information on Visa's interchange chart under the primary qualifications. This does not apply to MasterCard transactions as they do not have an EIRF interchange category. Good explanation however this is not the only reason a transaction would downgrade to EIRF. As you mentioned above, the authorization amount and settlement amount not matching is one. Transactions can also downgrade to EIRF if they are not settled within the time frame required by Visa. And they can also downgrade to EIRF if the billing address does not match up when keying a transaction in. You can find this information on Visa’s interchange chart under the primary qualifications. This does not apply to MasterCard transactions as they do not have an EIRF interchange category.

]]> By: Rich Immitt http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-127 Rich Immitt Tue, 11 Oct 2011 17:46:15 +0000 http://blog.creekfinancial.com/?p=55#comment-127 Good stuff. Very informative. Good stuff. Very informative.

]]> By: JOHNNY WARREN http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-125 JOHNNY WARREN Thu, 23 Dec 2010 04:31:11 +0000 http://blog.creekfinancial.com/?p=55#comment-125 Thanks for the information on EIRF that was great. Please sent me info to my email address adove. Thanks for the information on EIRF that was great. Please sent me info to my email address adove.

]]> By: 2tor http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-121 2tor Wed, 08 Sep 2010 14:28:41 +0000 http://blog.creekfinancial.com/?p=55#comment-121 BTW, nice article. Whole reason I stopped by was I was trying to figure out why someone had EIRF all over their statement. This helped a lot. Thank you. BTW, nice article. Whole reason I stopped by was I was trying to figure out why someone had EIRF all over their statement. This helped a lot.

Thank you.

]]> By: Greg Sackenheim http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-113 Greg Sackenheim Wed, 18 Nov 2009 18:39:10 +0000 http://blog.creekfinancial.com/?p=55#comment-113 Neil, good information. Thank you for the straight forward, real life example. Appreciate your taking the time to put this information out for us in the field. Neil, good information. Thank you for the straight forward, real life example. Appreciate your taking the time to put this information out for us in the field.

]]> By: Brandon Eley http://www.creekfinancial.com/cost-savings/eirf-a-nasty-four-letter-word-for-merchants/comment-page-1/#comment-45 Brandon Eley Tue, 23 Jun 2009 17:46:49 +0000 http://blog.creekfinancial.com/?p=55#comment-45 Great tip! I knew about canceling and resubmitting after 24 hours due to being downgraded but I had never thought of this. Thanks for the info. Great tip! I knew about canceling and resubmitting after 24 hours due to being downgraded but I had never thought of this. Thanks for the info.

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