A Merchant Account is a relationship between a retailing company and a processor, and specifically in this case allows the retailer to accept credit card

This acronym refers to an organization who has contracted to sell merchant processing services.

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

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

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

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

Generic term referring to business done over the web and/or processed electronically.

The online and electronic processing of payments from a customers checking account. eCheck, ACH, and Demand draft are all 3 types of electronic checking payments,

The DBA is the name that will appear on your customers credit card bill as the “descriptor.” Having a descriptor that easily reminds your customer

A fee taken by the bank as a percentage of all sales transactions. If the discount rate is 2.39%, for example, the discount rate fee