Payments General
General
Acquirer, Acquiring Bank, Acquiring Institution The financial institution supplying the merchant with means to accept credit cards for payments. The financi...
Thu, 26 Sep, 2019 at 2:53 PM
AVS Codes XExact match, 9-character numeric ZIPYExact match, 5-character numeric ZIPAAddress match onlyW9-character numeric ZIP match onlyZ5-character Zi...
Thu, 26 Sep, 2019 at 5:41 PM
Chargeback ratio is a measure of how many chargeback claims a merchant pays compared to the total number of transactions the merchant processes. A char...
Fri, 22 Jan, 2021 at 11:35 AM
A card-not-present or CNP transaction is any transaction for which the physical credit card is not on location when the purchase is made. E-commerce transa...
Fri, 22 Jan, 2021 at 11:35 AM
A chargeback occurs when a consumer or bank disputes a credit card transaction approved by a merchant, often due to fraud, and the merchant must return the...
Fri, 22 Jan, 2021 at 11:35 AM
A merchant account is an agreement between a merchant, an acquiring bank, Visa, MasterCard, and possibly American Express, Discover, Diners Club, JCB, et...
Wed, 1 Sep, 2021 at 12:48 AM
A sale is a transaction that is authorized and captured, or flagged for settlement. A sale does NOT need to be captured, as it is automatically flagged for...
Tue, 17 Sep, 2019 at 3:33 PM
Many merchants rely on affiliate advertising networks to direct traffic to their website. Affiliate sites, often as part of a network, post links or referr...
Fri, 22 Jan, 2021 at 11:38 AM
An Acquiring Bank is a bank that is responsible for acquiring the funds from credit card issuing banks for transactions that were processed by your custome...
Fri, 22 Jan, 2021 at 11:39 AM
Often when a product or order is not fulfilled immediately, merchants will authorize a transaction to be captured at a later time. For example, once an orde...
Fri, 24 Feb, 2023 at 5:13 PM