Merchant Account Glossary

The Enhanced Billback method, often abbreviated as EIRF (Enhanced Interchange Reimbursement Fee), is a pricing structure used in merchant accounts…

A registered agent is an individual or a business entity that serves as an independent marketer for a larger merchant…

A merchant account mobile wallet is a digital tool that allows businesses to process payments via mobile devices. The ability…

A Super ISO, or Super Independent Sales Organization, is a type of company in the payment processing industry that handles…

Rolling reserves are a way for payment processors to protect themselves from risk. They work by holding back a portion…

Radio-Frequency Identification (RFID) is a technology that uses electromagnetic fields to automatically identify and track tags attached to objects.

A check guarantee service offers businesses a method to mitigate the risk associated with accepting check payments by ensuring that…

Electronic checks, or eChecks, are a form of digital payment where funds are electronically withdrawn from the payer’s bank account…

Hiring Mill is a comprehensive tool designed to integrate seamlessly with merchant accounts, providing a streamlined solution for business owners…

Automated Clearing House (ACH) payments are electronic funds transfers facilitated between banks, commonly used by businesses for direct deposit payroll,…