The paper or electronic evidence of a purchase.
|Seller Account or Online Seller Account||
The bank account a Seller identifies as the sole account from which monthly and/or transaction fees are debited.
(Acquirer or Processor) The financial institution with which a Seller contracts to accept credit cards for payment of goods and services.
|Seller Fees or Fees||
Sellers are charged several types of fees for screening and
processing online payments. Fees for products and services
include, but are not limited to costs for the following:
|Seller or Online Seller||
An individual or business that sells products or services and is capable of accepting payment for products and services via a Seller account.
The process of transferring funds for sales and credits between Acquirers and Issuers, including the final debiting of a Cardholder's account and crediting a Seller's account.
|SIC or Standard Industry Codes||
Special numbers assigned by the Card Associations to Seller types for identification and tracking purposes. MasterCard® uses MCC (Seller Category Code), while VISA® uses SIC (Standard Industry Codes).
Discover®, MasterCard® or, VISA® systems that provide authorization services on behalf of Acquirers in case the Issuer is unavailable to give a response.