Yes! Our US-based customer support team is available 24/7. You can reach our live reseller support service here. An acquiring bank provides credit card bank accounts. It is a bank that has a relationship with Visa and Mastercard, as well as with your bank, and is sometimes referred to as a “clearing bank”. Acquiring Bank is responsible for clearing transactions after being debited by a cardholder by making deposits to a bank account when credit cards are processed. Payment Card Industry Data Security Standards (PCI-DSS) are a series of requirements established by credit card networks to protect cardholder information and reduce the risk of data theft. The standards apply to you, merchant account providers, issuing banks and credit card networks. Compliance with these requirements is called PCI compliant. The average ticket size refers to the average dollar amount of your credit card transactions. The average ticket size is always requested when you set up a new reseller account. If you don`t process credit cards yet, just estimate your average credit card sale. Remember that the average credit card transaction is usually higher than the average cash transaction.
If you already process credit cards, divide your total monthly volume by the number of transactions to determine your average ticket size. If you know a few keywords, you can choose a reseller account for your business. Here are the definitions of the ones you`re most likely to encounter. A percentage of fees that a trading account provider charges its customers for processing services, as well as exchanges and ratings paid directly to credit card brands and issuing banks. Learn more about reseller accounts, merchant services, and other payment processing issues. Technically, your personal creditworthiness has no influence on the mensts of your merchant account. However, you may not be entitled to an account if you have low creditworthiness. We`ve put together a list of answers to the most frequently asked questions about merchant accounts, credit card processing, and the services and products we offer.. . . .