Acquiring banks, merchant account and payment gateway? What does all this mean?
The Terminated Merchant or MATCH (Member Alert to Control High-Risk) file is used by MasterCard and Visa processing banks (the acquiring banks) to keep tabs on merchants and/or principals who [&hellipRead more →
High-Risk and Unacceptable Merchants are business, services and products that have a history or very high propensity of a high chargeback ratio based on historical and/or statistical data collected by the payment industryRead more →
A Merchant Account is a business bank account that allows you to accept payments from a credit card. It is an agreement between a merchant (you), an acquiring bank (the [&hellipRead more →
Technically, there are 4 major requirements: 1) An Internet Merchant Account 2) An online Payment Gateway (authorize.net, PayPal PayFlow Pro) 3) An E-Commerce enabled website: including Shopping Cart & Checkout [&hellipRead more →