• Why Are Chargebacks So Awful?

    17-01-25  1413
    Payment related

    Chargebacks suck in more ways than one. If you choose to do nothing after a chargeback has been issued, the credit card provider will demand money to be paid back to the customers, and you’ll have to pay it—that’s a refund but worse because you’ll lose the product and have to pay the chargeback f ......

  • How to Use Refunds to Prevent Chargebacks

    17-01-25  1663
    Payment related

    It’s wise to offer a refund instead of letting a situation escalate to a chargeback. Since chargebacks can take months to materialize, it’s best to have a system in place so it won’t sneak up on you. ......

  • Terminated Merchant File (TMF) Definition

    17-01-23  1387
    Glossary

    What is the Terminated Merchant File? The Terminated Merchant File (TMF), also known as the MATCH list, is a database that contains information about businesses that have had their credit card processing services terminated by a provider. Acquiring Banks consult this list when determining whether ......

  • International Bank Account Number(IBAN)

    17-01-18  3030
    Glossary

    The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. It was originally adopted by the European Com ......

  • ABA routing transit number(ABA RTN)

    17-01-18  1755
    Glossary

    An ABA routing transit number (ABA RTN) is a nine digit code, used in the United States, which appears on the bottom of negotiable instruments such as checks to identify the financial institution on which it was drawn. The ABA RTN was originally designed to facilitate the sorting, bundling, and ship ......

  • What's the difference between an IBAN and a swift code?

    17-01-18  1469
    Payment related

    The main difference between an International Bank Account Number (IBAN) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code lies in what they identify. A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an in ......

  • Currency Codes

    17-01-15  1652
    Glossary

    The International Organization for Standardization publishes a list of standard currency codes referred to as the ISO 4217 code list. Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dolla ......

  • Express support

    17-01-15  1588
    Payment related

    For those tangible products sellers,we request them to upload tracking information after goods delivery.To use the "Tracking upload endpoint" correctly,we provide a list of the express companys so they can code it in API. ......

  • Issuing Bank

    17-01-12  1584
    Glossary

    Any bank or financial institution that grants Credit Cards and/or lines of credit through card associations. ......

  • Acquiring Bank

    17-01-12  1432
    Glossary

    A bank or financial institution that accepts debit or credit card Transactions for a cardholder. ......

  • HTTPS

    17-01-12  1466
    Glossary

    A communications protocol for secure communications over a computer network. ......

  • What is a Merchant Category Code (MCC)?

    17-01-12  1486
    Payment related

    A 4-digit code designated by a Credit Card company that lists the product, service, or line of business of a merchant. ......

  • PCI DSS

    17-01-12  7780
    Glossary

    A mandatory set of rules and regulations created to reduce Credit Card fraud. ......

  • What is a Recurring Transaction?

    17-01-12  1423
    Payment related

    A charge applied to a cardholder in predetermined intervals for services or goods of an ongoing nature (memberships, subscriptions). ......

  • What is an Independent Sales Organization (ISO)?

    17-01-12  1279
    Payment related

    A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks. ......