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Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

By integrating multiple payment methods and supporting various currencies, payment processors enable merchants to expand their reach and cater to a global customer base. During transaction authorization, issuers evaluate fund availability to ensure seamless payment progression.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Credit Memo A document issued by the merchant to provide a refund or credit to the cardholder. Credit Report A report that details the credit history and creditworthiness of an individual or business. Currency Conversion The process of converting the transaction amount from one currency to another.

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