Understanding Payment Processing Terminology Glossary for Merchants
PayHawk
APRIL 18, 2023
Chargeback Reason Code A code provided by the card issuer to indicate the reason for a chargeback. Credit Limit The maximum amount that a cardholder can charge within their credit range. Microtransaction A very small transaction, typically less than $1, that is processed electronically.
52 
Let's personalize your content