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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. Settlement Delays International payments can take 2-5 days to process due to multiple banking systems involved. per transaction. Higher Interchange Fees International card transactions often have 0.5%

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. Average Ticket Size The average dollar amount of each transaction processed by the merchant.

Process 52
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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data. Customer Support Specialists Responsibilities: Address disputes proactively by resolving customer concerns before they escalate to chargebacks.

PCI DSS 59