Glossary Of Payment Processing Terms And Definitions
Durango Merchant Services Glossary for Payment Terms
Sometimes the payment processing and merchant services process can seem daunting and overwhelming. Do you feel like you have to learn a new language? Are you running into difficult problems because your industry has been labeled “high risk”. Don’t worry! We’re here to help! Below you’ll find our glossary of terms you should know when you’re starting your processing journey.
As always if you have any questions or would like to get started on your free quote, feel free to reach out to us at 1-866-415-2636 or CLICK HERE to apply for your FREE quote!
- “Rolling” Reserve
- “Static” or “Capped” Reserve
- ACH (Automated Clearing House)
- Acquiring Bank
- Address Verification Service (AVS)
- Annual Fee
- Application Fee
- Authorization
- Average Ticket Size
- Batch Out
- Batch Upload
- Card Issuing Bank
- Card Not Present
- Card Present
- CVV/CVV2/CCV
- Debit Cards
- Discount Rate
- Doing Business As (DBA)
- eCheck
- eCommerce
- Gateway Fees
- Gift Cards
- Guarantor
- Imprinter
- Internet Merchant Account
- ISO (Independent Sales Organization):
- Keyed
- MATCH List
- Mid-Qualified
- Monthly Minimum
- Monthly Statement Fee
- Monthly Volume
- NACHA
- Non-Qualified
- Pinpads
- POS
- Purchase Cards
- Qualified
- Refund Policy
- Reserve
- Shopping Cart
- SIC or MCC: Standard Industry Code/Merchant Category Code
- SSL
- Swipe
- Terminated Merchant File
- Trade Reference
- Transaction Fee
- Travel and Entertainment
- Upfront Reserve
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