A four digit, numerical identifier of a merchants business type as classified by Visa & MC. There are hundreds of these codes. You are not

As used on the Internet, a shopping cart is analogous to choosing items in a grocery store and placing them in a shopping cart for

All websites that host electronic payments should use a SSL (secure socket layer) certificate. Typically 128 bit is the customary level of security used. Note:

In this situation, the processor will ask for a reserve upfront, usually based on a % of your applied for monthly volume, and they will

In this scenario, the processor will typically hold 5%-15% of your sales until they have on reserve the equivalent to either (A) one-half of your

What is a Rolling Reserve in Payment Processing? A rolling reserve is what some banks use to cover their exposure to risk on accounts that

A common practice in which a cash reserve is established by the processing bank (similar to an escrow account) to protect themselves against catastrophic losses.

Written policy regarding exactly how the merchant guarantees products or services sold to a cardholder. Merchant banks require a written refund policy for each applicant,

The “base” discount rate that merchants are charged on Credit card transactions that are either (A) Card-present sales that are swiped through a POS and

Purchase Cards are credit cards for use by employees of government agencies or corporations. What differentiates purchase cards different from regular credit cards is that