Merchant Account Glossary

Near Field Communication (NFC) is a short-range wireless technology that enables the exchange of data between devices over about 4…

EMV stands for Europay, MasterCard, and Visa, the three companies that originally created the standard. It's a technology used for…

The Terminated Merchant File (TMF), also referred to as the MATCH list (Member Alert to Control High-risk Merchants), is a…

PCI Compliance Fees are charges that businesses must pay to ensure they meet the Payment Card Industry Data Security Standard…

A Mid-Qualified Rate is a type of fee that businesses must pay when they accept certain types of credit card…

Merchant Account Definitions & Terminology: Downgrade Fee - What is a Downgrade Fee? In the credit card processing industry, a…

Merchant Account Definitions & Terminology: Qualified Rate - What is a Qualified Rate? Also referred to in the credit card…

Merchant Account Definitions & Terminology: Reseller - What is a Reseller? The term “reseller” in credit card processing can be…

A high-ticket merchant account is specifically designed to handle large transactions, typically involving expensive goods or services.

Card present transactions occur when a payment card is physically used at a merchant's point-of-sale terminal. This process contrasts with…