Merchant Account Glossary

Merchant account credit card terminals are devices that enable businesses to process credit card payments. These terminals allow for the…

A merchant account holdback is a portion of revenue withheld by banks or payment processors from a business's credit and…

An Independent Sales Organization (ISO) serves as a mediator between merchants and the banking networks required to process credit card…

The Average Ticket Size (ATS) measures the average amount spent by customers per transaction and serves as a metric for…

An American Express Authorization Fee is a specific charge that businesses encounter when they accept American Express credit cards as…

An acquiring bank, also known as a merchant bank, is a component in the process of accepting credit and debit…

An Address Verification System (AVS) verifies that the billing address of the credit or debit card matches the address that…

A merchant account monthly minimum fee is a charge that some payment processors require businesses to pay if their total…

A discount rate or fee is a percentage charged by a merchant service provider on each transaction processed through a…

Merchant account transaction fees are the charges that a business must pay to its merchant account provider for processing credit…