Remove Address Verification System (AVS) Remove Microtransactions Remove Service Provider
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

The world of payment processing can be as complex as you let it be, but, one this is for certain, there are thousands of terms that merchant service providers discuss, and oftentimes, merchants are left clueless about their meanings. Microtransaction A very small transaction, typically less than $1, that is processed electronically.

Process 52