Acquirers - Financial institutions that maintain a merchant account for the purpose of accepting credit cards. See what an acquirer in credit card processing is.
Address Verification Service - A tool to help merchants identify and prevent fraudulent credit card transactions.
Adult Merchant Account - An adult payment processor for adult and sex toys websites, adult chat rooms, strip clubs, dating apps, and escort services. See adult merchant account solutions.
Authorize.net - A company that helps in simplifying the process of accepting electronic and credit card payments in person, online, or over the phone. See Author.net review.
Automated Clearing House (ACH) - A type of network that is used to manage electronic banking transactions. See High-Risk ACH Processor.
Business-to-Business (B2B) - A transaction or business between two businesses, for example, a wholesaler and a retailer.
Business-to-Business (B2B) Payment - The exchange of currency-denominated value between buyer and supplier in exchange for goods or services supplied. See B2B payment processing guide.
Bad Credit Merchant Account - A merchant account provided to a business owner who has a low personal credit score or has been bankrupt in the past. See more about bad credit merchant accounts.
Billback - Cost recovery accounting service or suite of software. A billback system charges the client a percentage of the total cost of what they have purchased.
Bitcoin - This is essentially a computer file that is kept on a smartphone or PC in a digital wallet app. See the easiest way to start accepting bitcoin payments.
Card Association Network - Facilitates the use of credit and debit cards and establishes guidelines for who may use cards, where they may be used, and how they may be used.
CBD Merchant Account - A merchant account that enables you to take credit card payments but has been approved for the sale of CBD-derived products. See CBD merchant account solutions.
Chargeback Disputes - This occurs when a cardholder disputes a transaction and requests that it be reversed by the card's issuing bank.
Chase Credit Journey - A free online credit monitoring service available to both Chase cardholders and individuals without a bank account. See Chase Credit Journey review.
Card Not Present (CNP) Rate - Rates that are charged to your merchant account whenever a CNP transaction occurs. See what the CNP rate on merchant accounts is.
Card Not Present (CNP) Transaction - An event when neither the cardholder nor the credit card is physically present at the time of the transaction.
Continuity Merchant Account - A recurring billing merchant account enables you to quickly and securely take payments from your customers. See more about continuity merchant account processor.
Credit Card - A card that enables people to purchase products or services without using cash.
Credit Card Processor - It operates as a go-between for a business and its customers' credit card companies. See more about credit card processor.
Credit History - A record of your ability to repay debts and your demonstrated commitment in doing so.
Cryptocurrency - A digital currency where transactions are verified and records are kept using cryptography by a decentralized system. See how cryptocurrency will impact digital payments.
Digital Wallet - Also known as an e-wallet; a method of storing payment information and passwords for security purposes. See digital wallet review.
Direct Credit Card Processor - Refers to any payment processing company that has direct access to the credit networks of Visa and MasterCard. See direct credit card processors.
Dispute Rate - This is the number of disputes related to transactions that a merchant has over a specified period. See average dispute rate for credit card merchant services.
EMV - This is a payment method based on a technical standard for smart payment cards and compatible with payment terminals and automated teller machines. See EMV guide.
eCommerce - Refers to a business model that enables businesses/individuals to purchase/sell goods and services online.
e-Commerce Merchant Account - Refers to a merchant account through which e-Commerce merchants can accept online payments. See e-Commerce merchant account providers.
Fiat Payment - Currency issued by the government that is unbacked by a commodity such as gold.
First Data - A financial services provider founded in 1971 in the United States that serves a diverse range of businesses and customers. See First Data (Now Fiserv) review.
Flat Rate - It is a pricing structure in which a fixed fee is charged for a particular service. It is constant regardless of circumstance, time, or location. See how many credit card processors offer flat rates.
Freshbooks - An accounting software designed primarily for small and medium-sized businesses that is operated by 2ndSite Inc. See what credit card processors work with Freshbooks.
High-Risk ACH Processor - A merchant account for ACH processing for a high-risk company. See more about high-risk ACH processor.
High Risk Processor - A payment processing account for businesses that banks regard to be high risks. See the best high risk processor.
High-Volume Merchant Account - This is for merchants who process a monthly minimum of $100,000 — most of them process far more. See more about high-volume merchant account.
Health Insurance Portability and Accountability Act (HIPAA) - This is a law to prevent the sharing of sensitive customer information without the individual's knowledge or consent. See what online payment processors are HIPAA compliant.
Independent Sales Organization (ISO) - An Independent Sales Organization (ISO) is a company that acts as an intermediary between merchants and the acquiring banks. See ISO in credit card processing.
Interchange-plus Pricing - This means that the acquirer will charge you a variable MSC that includes the cost price plus a fixed markup.
Liquidated Damages - Used in certain types of legal contracts to estimate intangible or difficult-to-define losses suffered by one of the parties.
Merchant Account - Type of business bank account that enables the acceptance and processing of electronic payment card transactions. See how to get a merchant account.
Merchant Discount Rates (MDR) - Fees charged by banks to businesses for credit and debit card payment processing.
Merchant Services - An umbrella term that refers to a variety of financial services and processes that modern businesses may use. See merchant services.
Mobile Payment Security - Considered as establishing security procedures to safeguard the data, privacy, and money of customers. See the best practices for mobile payment security.
Mobile Processor - It enables retailers to sell products and take card payments virtually as long as they have access to a smartphone or tablet. See mobile processing apps solutions.
MOTO Credit Card Processing - Stands for "Mail Order/Telephone Order (MOTO)". Occurs when a customer makes a purchase over the phone or by mail. See MOTO credit card processing.
MOTO Merchant Account - Allows you to accept credit cards manually through the use of a virtual terminal. See why MOTO merchant accounts are high risk.
National Automated Clearing House (NACHA) - Manages the ACH Network's development, administration, and governance.
Online Payment Processor - The institution or brand that processes debit and credit card transactions for your business. See more about online payment processor.
PayAnywhere - A dependable mobile credit card processing system that is well-known for its cost-effectiveness.
Payment Card Industry Data Security Standard (PCI DSS) - This is a generally recognized set of policies and procedures aimed at enhancing the security of credit, debit, and cash card transactions.
Payment Depot - A merchant account provider that charges transaction fees based on your plan, not the terminal you use. See Payment Depot mobile review.
Payment Gateway - Retailers utilize this technology to take debit or credit card payments from customers. See the best payment gateways.
Payment Page - A webpage that enables customers to easily and securely purchase products or services. See how to design a payment page.
PayPal - A multinational financial technology company that operates an online payments system and acts as an electronic substitute for traditional paper methods. See PayPal and how it is used.
PCI Compliance Fee - A fee charged on credit card processing service providers and sales organizations by the PCI DSS.
PCI Standards Security Counsel, LLC - It is a global open body established to develop, improve, distribute, and aid in the understanding of payment account security standards.
Point-of-sale (POS) system - The place where your customer makes payment for the products or services supplied by your business. See the best POS systems.
Pre-Authorization - This is a temporary hold placed on a customer's credit card that typically lasts five days, or until the post-authorization is received. See what credit card processors support pre-authorizations.
Processing fee - It is the total fee assessed for each online transaction. It is composed of two charges: Percentage Fee and Transaction Fee. See how much credit card processing fees are.
QuickBooks - A comprehensive business and financial management suite that includes tools for accounting, inventory management, and more. See how to record credit card processing fees in QuickBooks.
Regulation E - Regulation E is a Federal Reserve Board initiative to establish rules and guidelines for Electronic Fund Transfers.
Regulation Z - Frequently associated with the Truth In Lending Act; this protects consumers from credit industry's misleading practices.
Reserve - A temporary hold on a portion of your funds before being deposited into your bank account.
Service Fee - Also known as service charge; a fee collected to cover the cost of services associated with a product. See how to add a service fee for credit card payments.
Shopify - An ecommerce platform that serves as the foundation for an online store. It assists in organizing the appearance of your store.
Stripe - An Irish-American financial services and software with offices in San Francisco, California and Dublin, Ireland. See Stripe review.
Terminated Merchant File (TMF) - This is a screening tool that credit card processing companies use to determine the suitability of potential merchants to have a merchant account. See Terminated Merchant File.
Third-Party Credit Card Processors - As the name implies, this is a company that accepts online payments on your behalf. See what third-party credit card processors do exactly.
Travel Merchant Account - The processing of credit cards for travel booking agencies, travel clubs, hotels/motels, and all types of tour operators. See travel merchant account solutions.
Transaction Fee - It is a fee assessed to a business each time it processes a customer's payment. See ways to reduce transaction fees.
Zero-fee processing - A pricing method that imposes a fixed surcharge on all transactions made with a credit card.