Remove Credit Limit Remove PCI DSS Remove Third-Party Service Provider
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

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. Payment Gateway A service that enables merchants to accept electronic payments from customers through a website or mobile application.

Process 52