Remove Business Day Remove Credit Limit Remove PCI DSS
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Accepting Online Payments with Internet Merchant Accounts

EBizCharge

This involves transferring the approved funds from a customer’s bank to the merchant’s account, usually within one to two business days. Fraud detection and security tools: Merchant accounts often include tools and standards to prevent fraud and enhance security, including Payment Card Industry Data Security Standards (PCI-DSS).

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Batch A group of transactions that are processed together at the end of a business day. Credit Limit The maximum amount that a cardholder can charge within their credit range. PCI DSS Payment Card Industry Data Security Standards, a set of security standards designed to protect payment card data.

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What is a Temporary Hold on a Credit Card?

EBizCharge

What is a credit card hold? A credit card hold is when a portion of your credit limit is reserved for a potential transaction. Credit card holds are enforced by merchants, payment processors, credit card networks, and card-issuing banks. If this hold is lifted, it will free up your credit limit again.