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Exam (elaborations)

ETA CPP questions with complete solutions

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What data elements are MOST critical to the payments professional when comparing a merchant's current statement to the new offer proposed by the payment professional? correct answers Volume, average ticket, rate, and transaction fee Using the interchange plus model, which of the following costs can be adjusted during negotiations with the merchant? correct answers Acquirer markup For most credit card transactions, what is the MAXIMUM numbers of days between the sale and when a dispute request can be initiated? correct answers 120 days Which of the following merchants would be considered the highest risk? correct answers Time share advertising In a blended pricing method (three tiers, enhanced bill-back), merchant manually enters a VISA card transaction, but forgets to enter the AVS. What is the appropriate interchange category for this transaction? correct answers EIRF What information should be discussed at the time of sale in order to BEST establish a credible relationship between the payments professional and the merchant? correct answers Discount rates, transaction fees, and settlement fees MasterCard's Convenience Purchases interchange qualification applies to which of the following transactions? correct answers Payment for taxi services When proposing check processing services to be included in a merchant's existing terminal, what steps


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