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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Next-Day Funding Receiving funds in your account the next business day. Same-Day Funding Receiving funds the same day a transaction is settled. Void Cancelling a transaction before it settles. Settlement Delay Canadian merchants often get funds in 12 business day U.S.A.-Specific

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What is a Merchant Cash Advance and is MCA Right for You?

Stax

In cases with unforeseen delays, the maximum time you might have to wait is two to five business days. No need for perfect credit Bad credit is a stumbling block for many small businesses. Annual Revenue $180,000 Time in Business 6 months What makes Credibly unique? Credibly requires minimal documentation.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Batch A group of transactions that are processed together at the end of a business day. Sales Tax A tax on the sale of goods and services, collected by merchants and paid to the government. Void The process of canceling a transaction before it is completed. Want to Avoid the Complexities in Payment Processing?

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