Gotmerchant.com
Merchant Account Reviews



Credit Card Processing Fees | Benefits | FAQ's | Shopping Carts | Fraud & Chargebacks | Glossary

Merchant Account Glossary: Acquiring Bank

Printer Friendly
All merchant accounts must be sponsored by a bank that is a member of the card associations (Visa & MC). This kind of bank is known as an acquiring bank. They are responsible for depositing the funds into your checking account. They also hold ultimate liability on the account as well.

Other Glossary Terms:
  1. ABA Routing Number
  2. ACH (Automated Clearing House)
  3. Acquiring Bank
  4. Address Verification Service (AVS)
  5. Authorization
  6. Approval or Authorization Code
  7. Authorization Only
  8. Average Ticket Size (AVT)
  9. Batch Processing
  10. Bank Card
  11. Capture
  12. Card Issuer
  13. Card Present
  14. Cardholder
  15. Chargeback
  16. CVC2 (Card Validation Code 2) & CVV2 (Card Verification Value 2)
  17. Discount Rate
  18. Doing Business As (DBA)
  19. Downgrades
  20. Interchange
  21. Member Alert to Control High-Risk Merchants (MATCH)
  22. Payment Gateway
  23. Personal Identification Number (PIN)
  24. Pin Pads
  25. Point of Sale (POS) Terminal
  26. Settlement
  27. Void



Merchant Accounts | Credit Card Logos | Ecommerce Blog
Merchant Account Articles | Resources | Link-to-Us | Privacy Policy

© 2014 Gotmerchant.com, LLC