A 4-digit code designated by a Credit Card company that lists the product, service, or line of business of a merchant. ......
A mandatory set of rules and regulations created to reduce Credit Card fraud. ......
A charge applied to a cardholder in predetermined intervals for services or goods of an ongoing nature (memberships, subscriptions). ......
A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks. ......
An account issued by an Acquiring Bank that allows a business to accept Credit and debit cards. ......
A third party that helps Merchants accept and facilitate payments. ......
A unique nine-digit number assigned to each banking institution, used to identify the bank and direct ACH debits and credits. The ABA routing number is usually found at the bottom of a personal or business check. ......
Advanced Programming Interface – APIs allow users to program to a pre-constructed interface, instead of individually programming a device or piece of software. ......
SHA-256 (256 bit) is part of SHA-2 set of cryptographic hash functions, designed by the U.S. National Security Agency (NSA) and published in 2001 by the NIST as a U.S. Federal Information Processing Standard (FIPS). A hash function is an algorithm that transforms (hashes) an arbitrary set of data el ......
Buy rate,or you can call it "Discount Rate".It is charged by the gateway when processing transactions successfully.It is usually a percentage of the order amount. ......
Withdraw: It's a process that you request your funds in merchant account with ipasspay.com to be wired to your own bank account. Withdrawal fee: Merchants are to be charged a small amount when withdraw money from merchant account. Although merchants can be settled by daily utmost to get cash,i ......
For those transactions processed successfully through the payment gateway,merchants can check them in statement list and balance,but they can not withdraw the funds to their bank account due to holding period rules.Normally the holding period ranges form 7 days to 30 days depends on the merchants' b ......
Usually 10% of the order amount will be holded by the payment service provider,and not be sent to the merchants' balance until 180 days later. We call the amount as rolling reserve.This is a anti-risk method taken by the PSP. ......
Payment gateway usually charges merchants a small amount for those approved transactions.The amount ranges from 0.10USD to 1.00USD,and it will not be returned even the transaction was refunded or charged back later.This small amount is called fixed fee in ipasspay. ......
1. Unauthorised Mail/Telephone Transaction Occurred because the cardholder denies participation in this transaction. You can avoid this by ensuring that you are authorised to accept Mail Order/Telephone Order (MOTO) transactions and being more alert and getting as much customer identification as p ......