Acquirers process payments for merchants, handling funds transfer, while issuers manage cardholders’ accounts and approve or decline transactions.
Merchant services enable businesses to accept and manage secure electronic payments via card processing, POS systems, and online payment gateways.
Recurring payments are automatic charges customers authorize on a set schedule—ideal for subscriptions, memberships, and ongoing services.
Dual pricing charges different prices based on payment method, typically lower for cash and higher for card, to cover processing fees and maintain margins.
Dynamic Currency Conversion lets travelers pay or withdraw in their home currency abroad, offering real-time rates, often with added fees and markups.
Merchant onboarding is the process of verifying and approving businesses to accept digital payments securely through a payment provider or acquiring bank.
Merchant underwriting assesses a business’s risk, stability, and compliance before approving it for credit card payment processing.
Next day funding lets businesses access card payment funds by the next day, improving cash flow vs. standard 2–5 day processing delays.
Omnichannel payments unify in-store, online, and mobile transactions to deliver a seamless, consistent payment experience across all customer touchpoints.
PCI compliance ensures businesses securely handle credit card data by meeting PCI DSS standards, reducing fraud risk and boosting customer trust.
Payment tokenization replaces card data with secure tokens, reducing fraud risk and protecting sensitive info during online and in-store payment processing.
A white-label payment gateway lets businesses offer branded payment processing without building tech, using third-party infrastructure for secure transactions.
A billing descriptor identifies transactions on statements, showing merchant info to reduce confusion, prevent chargebacks, and improve customer trust.
A chargeback is a transaction reversal initiated by a customer disputing a card charge to recover funds from the merchant through their bank or card issuer.
A high-risk merchant account lets businesses in industries with high fraud or chargeback risk securely process payments with tailored terms and protections.
A low-risk merchant account supports stable, low-fraud businesses with low chargebacks, offering smoother approvals and lower payment processing fees.
A merchant account lets businesses accept card payments, holding funds temporarily before depositing them into the main business bank account.
A merchant acquirer processes card payments, connects merchants to card networks, and ensures secure fund transfers from customers to businesses.
A merchant agreement defines how a business accepts card payments, covering fees, settlement, chargebacks, and compliance with the payment processor.
A Merchant Category Code (MCC) is a 4-digit code that classifies businesses to help process payments, fees, rewards, and detect fraud.
A Merchant ID is a unique number that links your business to payment processors, enabling secure credit card and electronic payment transactions.
A merchant statement summarizes all card transactions, fees, and deposits, helping businesses track sales, spot errors, and manage payment processing costs.
A payment aggregator lets SMEs accept card and digital payments without a merchant account, simplifying processing under a shared account.
A payment stack is the full system of tools and providers that handle payment processing, from checkout to settlement, ensuring speed, security, and flexibility.
A rolling reserve is a payment processor’s risk tool that withholds a portion of a merchant’s funds for 90-180 days to cover chargebacks, fraud, and disputes.
A surcharge fee is an extra charge businesses add to cover credit card processing costs, helping merchants offset fees and protect profit margins.
A transaction fee is a cost charged per payment, covering processing by banks or gateways when using cards, digital wallets, or online methods.
