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Archives: Glossary Terms

Gateway Fees

The fee for the use of an online gateway. A gateway must be PCI compliant (a security qualification), and therefore is constantly on guard against

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Gift Cards

Cards issued with a Visa/MC/Discover/AmEx logo, with a fixed limit based on the deposit made to open the account. AVS is not able to be

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Guarantor

Merchant accounts in the US are almost always personally guaranteed. Guarantor agrees to personally guarantee (make good on) any processing losses a processing bank incurs

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Imprinter

The now old fashioned manual, slide type device used to produce an image of the raised (embossed) characters on a credit card, to a transaction

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