Remove ACH Remove Card Association Remove Microtransactions
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Cardholder The person who owns the payment card being used to make a purchase.

Process 52