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Archives: Glossary Terms

Multi-Currency Payment Gateway

 A multi-currency payment gateway is a financial technology service that allows businesses to accept payments in multiple currencies from customers around the world. It simplifies

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Travel and Entertainment

Travel and Entertainment often seen as the acronym T&E) Properly used, refers to American Express (AmEx) and Diners Club cards where a cardholder normally pays

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Transaction Fee

A per item fee charged for each transaction for checks or credit cards. Online gateways will charge their own transaction fee, in addition to the

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Trade Reference

A trade reference is anyone that knows you and your business. Usually your first trade reference will be your bank for deposits. Other references can

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Terminated Merchant File

TMF (Terminated Merchant File): A “black-listing” of merchants that have had a merchant account terminated for violating a merchant agreement. The problem with this is,

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Swipe

The action of physically sliding a credit card through a terminal or magnetic stripe reader that “reads” the magnetic strip on the back of all

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