Resources
Payment glossary
A short glossary of terms you'll meet when working with high-risk acquirers and PSPs.
1
Acquirer
The bank or institution that processes card payments on behalf of a merchant.
2
Chargeback
A dispute raised by a cardholder, reversing a transaction.
3
MCC
Merchant Category Code — a classification used by card schemes.
4
PSP
Payment Service Provider — supplies payment technology to merchants.
5
Rolling reserve
A percentage of sales held by an acquirer to cover risk.
6
3DS
3-D Secure — a cardholder authentication protocol.
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