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Merchant Account Definitions

Merchant Account Glossary

Below you will find merchant account and credit card processing definitions and terminology. Don’t see a term that you are looking for? Tell us in the comment section below.

Jump to:A | B | C | D | E | H | I | L | M | N | O | P | Q | R | S | T | V


A

ACH

Acquiring Bank

Address Verification System

American Express Authorization Fee

Annual Service Fee

Automated Clearing House

Average Ticket

AVS


B

Batch Fee

Bitcoin

Bucket Pricing


C

Cardholder

Card Present

Card Not Present

Cash Reserve

Chargeback

Check Guarantee

Chip and PIN

Credit Card Terminal

CVV2 Code


D

Discount Rate

Downgrade Fee


E

Early Termination Fee (ETF)

Electronic Benefit Transfer (EBT)

Electronic Check (eCheck)

EMV

Enhanced Billback


H

High Ticket

Hiring Mill

Holdback


I

Issuing Bank

Imprinter

Interchange

Interchange-plus

ISO


L

Liquidated Damages


M

Mail Order/Telephone Order (MOTO)

MATCH List

Merchant Account

Merchant Cash Advance

Mid-Qualified Rate

Mobile Wallet

Monthly Minimum

MSP


N

Near-Field Communication (NFC)

Non-Qualified Rate


O

Online Shopping Cart


P

Payment Gateway

PCI Compliance Fee

PIN Debit

Point of Sale System


Q

Qualified Rate


R

Radio-Frequency Identification (RFID)

Reseller

Rolling Reserve


S

Signature Debit

Slamming

Sub-ISO

Super ISO


T

Terminated Merchant File

Tiered Pricing

Transaction Fee

Tokenization


V

Virtual Terminal

Voice Authorization

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