Remove Credit Limit Remove Funds Availability Remove Settlement
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Credit Limit The maximum amount that a cardholder can charge within their credit range. D Debit Card A payment card that enables the cardholder to withdraw funds from their bank account or make purchases with funds available in the account.

Process 52
article thumbnail

Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

Confirmation and Settlement: Once reconciliation is complete and both parties agree on the transaction details, the payment is considered settled. Acting as intermediaries, they seamlessly process transactions, ensuring the secure transmission of payment data, verifying transaction authenticity, and initiating fund movement.

B2B 52