Understanding Payment Processing Terminology Glossary for Merchants
PayHawk
APRIL 18, 2023
EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication. Microtransaction A very small transaction, typically less than $1, that is processed electronically. Void The process of canceling a transaction before it is completed. Want to Avoid the Complexities in Payment Processing?
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