Subscription billing is a payment model where a customer is charged a recurring fee, typically on a monthly or annual basis, for access to a product or service. This [...]
Subscription billing is a payment model where a customer is charged a recurring fee, typically on a monthly or annual basis, for access to a product or service. This [...]
A match list, also sometimes known as a “terminated merchant file” or TMF, is a list of merchants who have been terminated from being able to process payments through [...]
Interchange is the fee that card issuers, such as Visa and Mastercard, charge merchants for accepting their credit or debit cards as a form of payment. These fees are [...]
Ecommerce, short for electronic commerce, refers to the buying and selling of goods and services through the Internet. This includes a wide variety of activities, such as online shopping, [...]
A payment gateway is a software that connects a merchant’s website to the payment processor and enables the merchant to accept electronic payments. It is an essential component of [...]
Tokenization is a technique used to protect sensitive information, such as credit card numbers, when making transactions. It is a method used to reduce the risk of sensitive data [...]
An acquiring bank, also known as a “merchant acquirer,” is a financial institution that partners with merchants to process credit and debit card transactions. Acquiring banks provide merchants with [...]
A chargeback is a process in which a customer disputes a credit or debit card transaction and requests a refund from their card issuer. The customer may initiate a [...]