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A qualified rate is the percentage rate a merchant will be charged whenever they accept a regular consumer credit card and process it in a manner defined as "standard" by their merchant account provider using an approved credit card processing solution. This is usually the lowest rate a merchant will incur when accepting a credit card.
An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express.
Merchant: Sells goods and services and accepts credit, debit or prepaid cards as promise for payment. The issuing bank assumes the primary liability for the consumer's capacity to pay off debts they incur with their card. In the case of credit cards, this includes extending credit to make these purchases.
Stax Pay: Accept tap-to-pay cards and mobile payments from iOS and Android devices with a Stax Pay account, POS app, and SwipeSimple card reader. The payment app includes inventory management and ...
With a debit card (also known as a bank card, check card or plastic card) when a cardholder makes a purchase, funds are withdrawn directly either from the cardholder's bank account, or from the remaining balance on the card, instead of the holder repaying the money at a later date. In some cases, the "cards" are designed exclusively for use on ...
Your credit card payment most likely may have been returned if you did not have sufficient funds in your bank account. Make sure to check your account to determine if this was the cause of the return.
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