Category: General

The underwriting department is responsible for reviewing and evaluating merchant account applications for approval. This department assesses the risk involved in providing a merchant account to a business and [...]

PayPal may shut down an account if it determines that the account holder has violated its acceptable use policy or any other terms of service, or if the account [...]

Stripe may shut down accounts for a variety of reasons, such as violation of its terms of service, suspicious or fraudulent activity, or failure to comply with regulatory requirements. [...]

ClickFunnels is a website and sales funnel builder. It is designed to help businesses create and optimize their online sales process. The main features of ClickFunnels include the ability [...]

A payfac, or payment facilitator, typically works by providing merchants with a simplified process for setting up and maintaining a merchant account. This can include handling the application and [...]

Interchange Plus and Tiered pricing are two different pricing models that merchants can choose from when it comes to credit card processing. Interchange Plus pricing, also known as “cost [...]

Merchant accounts are classified as low risk, mid risk, or high risk based on the level of risk associated with the type of business and its history of chargebacks [...]

An invoice is a document that a business sends to a customer to request payment for goods or services provided. It typically includes details such as the customer’s contact [...]

Payment Card Industry (PCI) Data Security Standard (DSS) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information [...]

A virtual credit card terminal (VCCT) is a software-based solution that allows businesses to process credit and debit card payments through a web-based interface or mobile device. Instead of [...]