glossary Archives - 0 Merchant https://0merchant.com/category/glossary/ Flat Rate Payment Processing Tue, 23 Apr 2019 21:55:28 +0000 en-US hourly 1 https://0merchant.com/wp-content/uploads/2018/09/0.png glossary Archives - 0 Merchant https://0merchant.com/category/glossary/ 32 32 150733913 Interchange – What is Interchange Rate https://0merchant.com/interchange/ Fri, 22 Mar 2019 18:32:51 +0000 https://0merchant.com/?p=8584 Basically, Interchange fees are charged by banks for  using a credit card. These rates do not change and are included to your processing bill. Credit card processors do not make up interchange rates. VISA, Mastercard, Amex, Discover regulates interchange rates. An interchange rate is a fee charged by banks that covers the cost of handling and credit risk inherent […]

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]]> 8584 Transaction – Payment Processing Term https://0merchant.com/transaction-payment-processing-term/ Sat, 16 Mar 2019 22:43:20 +0000 https://0merchant.com/transaction-payment-processing-term/ Transaction   Transaction: View  Glossary and Payment Processing Terms

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]]> 8543 Transaction Date – Payment Processing Term https://0merchant.com/transaction-date-payment-processing-term/ Sat, 16 Mar 2019 22:43:20 +0000 https://0merchant.com/transaction-date-payment-processing-term/ Transaction Date   Transaction Date: The date when a transaction take place. View  Glossary and Payment Processing Terms

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]]> 8544 Transaction Fees – Payment Processing Term https://0merchant.com/transaction-fees-payment-processing-term/ Sat, 16 Mar 2019 22:43:20 +0000 https://0merchant.com/transaction-fees-payment-processing-term/ Transaction Fees   Transaction Fees: A service cost that is billed per individual transaction. View  Glossary and Payment Processing Terms

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]]> 8545 Settlement Statement – Payment Processing Term https://0merchant.com/settlement-statement-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/settlement-statement-payment-processing-term/ Settlement Statement   Settlement Statement: A document provided to the merchant showing all the merchants transactions and billing activity during a specified period. View  Glossary and Payment Processing Terms

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]]> 8537 Shopping Cart Software – Payment Processing Term https://0merchant.com/shopping-cart-software-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/shopping-cart-software-payment-processing-term/ Shopping Cart Software   Shopping Cart Software: Software that allow user to create an online store with a virtual shopping. Sales transactions and payments can be completed throught the software. View  Glossary and Payment Processing Terms

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]]> 8538 Settlement – Payment Processing Term https://0merchant.com/settlement-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/settlement-payment-processing-term/ Settlement   Settlement: When a transaction has been completed between the aquiring bank and the issuer. When a merchant settle funds they are sent to the merchants account. View  Glossary and Payment Processing Terms

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]]> 8536 Smart Card – Payment Processing Term https://0merchant.com/smart-card-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/smart-card-payment-processing-term/ Smart Card   Smart Card: A payment card that has a chip in it. View  Glossary and Payment Processing Terms

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]]> 8539 Sales Draft – Payment Processing Term https://0merchant.com/sales-draft-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/sales-draft-payment-processing-term/ Sales Draft   Sales Draft: Paper documentation of a transaction View  Glossary and Payment Processing Terms

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]]> 8535 SSL – Payment Processing Term https://0merchant.com/ssl-payment-processing-term/ Sat, 16 Mar 2019 22:42:15 +0000 https://0merchant.com/ssl-payment-processing-term/ SSL   SSL: Secure Socot layer is used to encrypt online information. View  Glossary and Payment Processing Terms

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