Merchant cash advance

A merchant cash advance was originally structured as a lump-sum payment to a credit card company and / or debit card sales. [1] The term is now commonly used to describe a variety of small business financing options by a small payment terms (generally under 24 months) and small regular payments (typically paid each business day). Terms associated with traditional bank loans. The term “merchant cash…


Dynamic currency conversion

Dynamic currency conversion (DCC) gold cardholder preferred currency (CPC) is a financial service in qui Visa or MasterCard credit card holders, When making a payment in a foreign country, avez la cost of a transaction converted to Their home currency at the point-of Dirty . DCC is a registered trademark of the Company. DCC services are provided by third party operators in association with the merchant,…


Dispute (credit card)

In a credit card or debit card account, a dispute is made in which the validity of a transaction has been registered to the account. Customers dispute charges for a variety of reasons, including unauthorized charges , excessive charges, failure to deliver merchandise, dissatisfaction with the product (s) received, or billing errors….


Interchange Plus

Interchange Plus is the common name for a credit card transaction by merchants. The Interchange fee is an important factor in determining the actual cost of accepting credit cards. Interchange pricing is what the Visa and MasterCard are with credit cards and debit card transactions. Merchant Account Provider, Merchant Account Manager, Merchant Accountant, Merchant Accountant, Merchant Accountant, Merchant Accountant, Merchant Accountant,…


Interchange fee

Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card based transactions. Usually for sales / service transactions it is a fee That a merchant’s bank (the “Acquiring bank”) countries a customer’s bank (the ” issuing bank “); And for cash transactions the interchange fee is paid from the issuer to…


Grace period

A grace period is a period immediately after the deadline for an obligation during which a late fee , or other action that would have been taken as a result of failing to meet the deadline, is waived. Grace periods can ranks from a number of minutes to a number of days or skirt, and can apply in situations Including…


Fixed Acquirer Network Fee

The Fixed Acquirer Network Fee ( FANF ) is a fee That VISA Began Assessing Each of ict merchants for in April of 2012. [1] Ranging from $ 2 (USD) to $ 380,000 (USD), it is based on the size of the merchant. [2] For example, a high-volume merchant category code (MCC) with over 4000 locations would have to pay a price for the top of the…


Universal default

Universal default is the term for a practice in the financial services industry in the United States for a Particular lender to change the terms of a loan from normal the terms to the default terms (ie the terms and rates Given To Those Who-have missed payments are A loan) when that lender is informed that their customer has defaulted with another lender, even…


Revolving account

A revolving account is an account created by a lender to represent debts where the outstanding balance in the full by the borrower to the lender. The borrower may be required to make a minimum payment, based on the balance amount. However, the borrower normally has the discretion to pay the lender any amount between the minimum payment and the full…


Online authorization

Online Authorization ( OLA ) is a system used to verify a transaction on a payment card (eg credit card ). The term ‘on-line’ refers to the real-time nature of the verification. In other words, if the account is overdrawn, in most cases, the transaction will be refused….