Payment Processing & Merchant Services 3D Secure Verified by Visa, Mastercard SecureCode — adds password verification to online purchases.
Payment Processing & Merchant Services ACH Transfer An electronic bank-to-bank transfer through the Automated Clearing House network.
Payment Processing & Merchant Services Acquiring Bank The merchant’s bank that processes card transactions on their behalf.
Payment Processing & Merchant Services Aggregator A payment provider (like Stripe or Square) that pools many small merchants under one account.
Payment Processing & Merchant Services Assessment Fee Fees charged by Visa/Mastercard networks on each transaction, separate from interchange.
Payment Processing & Merchant Services Authorization Initial approval of a transaction by the issuing bank, holding funds before settlement.
Payment Processing & Merchant Services Capture The completion of a transaction, moving from authorization to settlement.
Payment Processing & Merchant Services Chargeback A forced reversal of a card transaction initiated by the cardholder’s bank.
Payment Processing & Merchant Services Cross-Border Fee An additional fee assessed on international card transactions.
Payment Processing & Merchant Services Currency Conversion Fee A fee added to international transactions to convert currencies.
Payment Processing & Merchant Services Discount Rate (Payments) The percentage a merchant pays per transaction to its processor.
Payment Processing & Merchant Services Dual Pricing Showing both a card price and a cash price at checkout, compliant alternative to surcharging.
