Your transactions must be closed out within 24 hours of processing (once a day) or they will automatically downgrade to the non-qualified rate per Visa/MasterCard rate schedule. This fee covers the expenses involved with your terminal, gateway accessing our processing network to close out the transactions. Batching out once a day is sufficient for most merchants. If you do not process anything for a particular day, then there is no fee. Other commonly used names for a batch fee are batch header fee, settlement or daily closeout fee.