Remove Address Verification System (AVS) Remove Service Provider Remove Third-Party 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. A Acquirer The financial institution that processes payments on behalf of merchants.

Process 52