Tools:
Grade your website: Website Grader (free tool)HubSpot Articles:
HubSpot's Keyword Tips
WordTracker Articles:
Monday, July 18, 2011
Thursday, July 14, 2011
Online Payment Gateway Glossary
Merchant Discount Rate (MDR)
1) Is the percentage of sales that a merchant pays to the acquiring bank to process credit card transactions. The merchant discount rate is based on sales volume, average ticket size, industry, and risk. The rate is determined by multiplying the total credit card volume by a percentage charged by the bank. Most rates fall between one and three percent and are based on the rate requirements of a credit card company, such as Visa or Mastercard.
2) The rate charged to a merchant by a bank for providing debit and credit card services. The rate is determined based on factors such as volume, average ticket price, risk and industry. The merchant must set up this service with a bank, and agree to the rate prior to accepting debit and credit cards as payment. The average MDR is between 1-3%. However, for online merchants, the rate tends to be higher. This applies to merchants that deal both online and in-store. They will often pay a higher rate for their online sales.
Hold Back Fee
Charge Back Fee
1) Is the percentage of sales that a merchant pays to the acquiring bank to process credit card transactions. The merchant discount rate is based on sales volume, average ticket size, industry, and risk. The rate is determined by multiplying the total credit card volume by a percentage charged by the bank. Most rates fall between one and three percent and are based on the rate requirements of a credit card company, such as Visa or Mastercard.
2) The rate charged to a merchant by a bank for providing debit and credit card services. The rate is determined based on factors such as volume, average ticket price, risk and industry. The merchant must set up this service with a bank, and agree to the rate prior to accepting debit and credit cards as payment. The average MDR is between 1-3%. However, for online merchants, the rate tends to be higher. This applies to merchants that deal both online and in-store. They will often pay a higher rate for their online sales.
Hold Back Fee
Charge Back Fee
Subscribe to:
Comments (Atom)