The maximum monthly dollar volume a merchant is approved to process in Visa and MasterCard transactions. The monthly volume is important for underwriter consideration of

A fee for the statement of processing activity and charges mailed by the bank after the last day of each month the account is active.

The minimum amount of discount fees charged by a processing bank in a given month. If account activity does not generate the monthly minimum, the

A discount rate that is billed in addition to the “Qualified” discount rate, usually for these reasons: (A) with a “retail” merchant account, where the

Member Alert To Control High Risk Merchants or MATCH for short is an electronic bulletin board used to track people and businesses whose merchant processing

A transaction is “keyed” when the information from a credit card is manually typed into a terminal or computer. Keyed transactions pay higher rates than

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