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

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

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

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

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,

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

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