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