16/06/2025, 11:53 ETA CPP Study Guide (2025) 100%VERIFIED | QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Quizlet
ETA CPP Study Guide (2025) 100%VERIFIED |
QUESTIONS AND ANSWERS | GRADED A+.
Save
Terms in this set (1081)
MasterCard implemented a new fee, the Network
Access and Brand Usage fee (NABU). And following
NABU, APF and FANF right on the heels of the MasterCard announcement,
on July 1, 2009 Visa implemented their U.S. Acquirer
Processing Fee (APF).
In addition to Interchange, each card brand includes
additional fees based on the transaction amount and
per transaction. These fees are called dues and
Card brand dues and assessments and typically range from 0.105% - 0.45%
assessments on the transaction amount [ $0.0025 - $0.04.] Like
interchange, assessments are exactly the same for all
credit card processors and no processor can give you
a lower rate or a better deal on assessments.
The fee is charged when your business utilizes the
Address Verification Service to check that the address
AVS and switch fees
provided by a cardholder matches the address on file
with the credit card company.
The voice authorization fee applies when you use a
telephone dial-up service for transaction
authorization. A fee is charged for each call that is
Authorization fee
made. Voice authorization is useful in the event your
terminal or software malfunctions or your internet
connection isn't working.
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A fee that is charged when you settle your daily
transactions (also known as the batch) with your credit
Batch fee card processor. If you have no credit card
transactions to settle on a particular day, you are not
charged this fee.
Clearing and settlement clearing denotes all activities from the time a
fees commitment is made for a transaction until it is settled.
Chargeback and In short, a chargeback is a reversal of funds
representment fees transferred.
Statement or reporting Fees that are charged for receiving statements or
fees reports.
A cashback reward program is an incentive program
operated by credit card companies where a
Rewards Cards
percentage of the amount spent is paid back to the
card holder.
A card not present transaction (CNP, MO/TO, Mail
Order / Telephone Order, MOTOEC) is a payment
Card Not Present card transaction made where the cardholder does not
transactions or cannot physically present the card for a merchant's
visual examination at the time that an order is given
and payment effected.
Quick Service Restaurants a specific type of restaurant that serves fast food
(QSR) cuisine and has minimal table service.
countries in the process of rapid growth &
Emerging Markets
industrialization
Level I purchasing card data includes the same
information captured during a traditional credit card
Level 1 Data purchase transaction. This includes: total purchase
amount, date, merchant category code and
supplier/retailer name.
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Level II purchasing card data includes the same
information captured at Level I, plus the following:
sales tax amount, customer's accounting code,
Level 2 Data
merchant's tax ID number, applicable minority - and
women-owned business status and sales outlet ZIP
code.
Level III purchasing card data includes the same
information captured at Levels I and II, plus the
following: quantities, product codes, product
descriptions, ship to ZIP, freight amount, duty amount,
Level 3 Data
order/ticket number, unit of measure, extended item
amount, discount indicator, discount amount,
net/gross indicator, tax rate applied, tax type applied,
debit or credit indicator and alternate tax identifier.
The discount rate is the fee paid by merchants to
credit card processors as a fee associated with
Discount Rate accepting general-use credit cards (such as Visa,
(Credit/Debit) MasterCard, American Express and Discover).
Typically this fee runs between 1 percent and 3
percent, depending on the nature of the transaction.
With monthly discount, your processor deducts fees
from your account in one lump sum once a month.
Daily or monthly discount With daily discount, your processor charges fees daily
throughout the month as well as at the end of the
month.
Surcharge A charge added to the usual cost
Billback or bill back is an accounting service and/or
Billback
suite of software that is used for cost recovery.
Enhanced Rate Recovery Pricing. As a merchant
business with an ERR rate of 1.69% for your merchant
ERR Rates account, you will be charged 1.69% for any transaction
that qualifies on The Interchange Table at 1.69% or
below.
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Interchange Plus pricing gets its name based on the
fact that the rate charged for the transaction comes
Interchange Plus
straight from the Interchange table "plus" a surcharge
amount.
Tiered pricing gets its name from the fact that there
Tiered are multiple tiers set up to determine the price
associated with the transaction.
The quantity or number of goods sold or services
Sales Volume sold in the normal operations of a company in a
specified period.
the total number of transactions that are processed
Transaction Counts
within a merchant account.
Average ticket is a metric that provides details on the
average amount of sales by a given customer. It is
Average Ticket
used by a range of businesses when analyzing
business performance and sales activity.
The amount of money that is charged directly to an
individual merchant account each time
communication is made between credit card
Authorization Fees processing software (when the sale transaction is
processed online, etc.) or point of sale (POS) terminal
(when the sale transaction is processed physically in
person) and the authorizing network.
The effective rate of a credit card processing
Effective rate statement is the total processing fees divided by total
sales volume.
Batch credit card processing is the practice of a
merchant processing all of its authorized credit card
Batches
transactions for the day after the close of business or
at a time determined by the credit card processor.
A chargeback is a transaction reversal meant to serve
Chargeback Activity as a form of consumer protection from fraudulent
activity committed by both merchants and individuals.
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ETA CPP Study Guide (2025) 100%VERIFIED |
QUESTIONS AND ANSWERS | GRADED A+.
Save
Terms in this set (1081)
MasterCard implemented a new fee, the Network
Access and Brand Usage fee (NABU). And following
NABU, APF and FANF right on the heels of the MasterCard announcement,
on July 1, 2009 Visa implemented their U.S. Acquirer
Processing Fee (APF).
In addition to Interchange, each card brand includes
additional fees based on the transaction amount and
per transaction. These fees are called dues and
Card brand dues and assessments and typically range from 0.105% - 0.45%
assessments on the transaction amount [ $0.0025 - $0.04.] Like
interchange, assessments are exactly the same for all
credit card processors and no processor can give you
a lower rate or a better deal on assessments.
The fee is charged when your business utilizes the
Address Verification Service to check that the address
AVS and switch fees
provided by a cardholder matches the address on file
with the credit card company.
The voice authorization fee applies when you use a
telephone dial-up service for transaction
authorization. A fee is charged for each call that is
Authorization fee
made. Voice authorization is useful in the event your
terminal or software malfunctions or your internet
connection isn't working.
https://quizlet.com/1054671177/eta-cpp-study-guide-2025-100verified-questions-and-answers-graded-a-flash-cards/?new 1/143
,16/06/2025, 11:53 ETA CPP Study Guide (2025) 100%VERIFIED | QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Quizlet
A fee that is charged when you settle your daily
transactions (also known as the batch) with your credit
Batch fee card processor. If you have no credit card
transactions to settle on a particular day, you are not
charged this fee.
Clearing and settlement clearing denotes all activities from the time a
fees commitment is made for a transaction until it is settled.
Chargeback and In short, a chargeback is a reversal of funds
representment fees transferred.
Statement or reporting Fees that are charged for receiving statements or
fees reports.
A cashback reward program is an incentive program
operated by credit card companies where a
Rewards Cards
percentage of the amount spent is paid back to the
card holder.
A card not present transaction (CNP, MO/TO, Mail
Order / Telephone Order, MOTOEC) is a payment
Card Not Present card transaction made where the cardholder does not
transactions or cannot physically present the card for a merchant's
visual examination at the time that an order is given
and payment effected.
Quick Service Restaurants a specific type of restaurant that serves fast food
(QSR) cuisine and has minimal table service.
countries in the process of rapid growth &
Emerging Markets
industrialization
Level I purchasing card data includes the same
information captured during a traditional credit card
Level 1 Data purchase transaction. This includes: total purchase
amount, date, merchant category code and
supplier/retailer name.
https://quizlet.com/1054671177/eta-cpp-study-guide-2025-100verified-questions-and-answers-graded-a-flash-cards/?new 2/143
,16/06/2025, 11:53 ETA CPP Study Guide (2025) 100%VERIFIED | QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Quizlet
Level II purchasing card data includes the same
information captured at Level I, plus the following:
sales tax amount, customer's accounting code,
Level 2 Data
merchant's tax ID number, applicable minority - and
women-owned business status and sales outlet ZIP
code.
Level III purchasing card data includes the same
information captured at Levels I and II, plus the
following: quantities, product codes, product
descriptions, ship to ZIP, freight amount, duty amount,
Level 3 Data
order/ticket number, unit of measure, extended item
amount, discount indicator, discount amount,
net/gross indicator, tax rate applied, tax type applied,
debit or credit indicator and alternate tax identifier.
The discount rate is the fee paid by merchants to
credit card processors as a fee associated with
Discount Rate accepting general-use credit cards (such as Visa,
(Credit/Debit) MasterCard, American Express and Discover).
Typically this fee runs between 1 percent and 3
percent, depending on the nature of the transaction.
With monthly discount, your processor deducts fees
from your account in one lump sum once a month.
Daily or monthly discount With daily discount, your processor charges fees daily
throughout the month as well as at the end of the
month.
Surcharge A charge added to the usual cost
Billback or bill back is an accounting service and/or
Billback
suite of software that is used for cost recovery.
Enhanced Rate Recovery Pricing. As a merchant
business with an ERR rate of 1.69% for your merchant
ERR Rates account, you will be charged 1.69% for any transaction
that qualifies on The Interchange Table at 1.69% or
below.
https://quizlet.com/1054671177/eta-cpp-study-guide-2025-100verified-questions-and-answers-graded-a-flash-cards/?new 3/143
, 16/06/2025, 11:53 ETA CPP Study Guide (2025) 100%VERIFIED | QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Quizlet
Interchange Plus pricing gets its name based on the
fact that the rate charged for the transaction comes
Interchange Plus
straight from the Interchange table "plus" a surcharge
amount.
Tiered pricing gets its name from the fact that there
Tiered are multiple tiers set up to determine the price
associated with the transaction.
The quantity or number of goods sold or services
Sales Volume sold in the normal operations of a company in a
specified period.
the total number of transactions that are processed
Transaction Counts
within a merchant account.
Average ticket is a metric that provides details on the
average amount of sales by a given customer. It is
Average Ticket
used by a range of businesses when analyzing
business performance and sales activity.
The amount of money that is charged directly to an
individual merchant account each time
communication is made between credit card
Authorization Fees processing software (when the sale transaction is
processed online, etc.) or point of sale (POS) terminal
(when the sale transaction is processed physically in
person) and the authorizing network.
The effective rate of a credit card processing
Effective rate statement is the total processing fees divided by total
sales volume.
Batch credit card processing is the practice of a
merchant processing all of its authorized credit card
Batches
transactions for the day after the close of business or
at a time determined by the credit card processor.
A chargeback is a transaction reversal meant to serve
Chargeback Activity as a form of consumer protection from fraudulent
activity committed by both merchants and individuals.
https://quizlet.com/1054671177/eta-cpp-study-guide-2025-100verified-questions-and-answers-graded-a-flash-cards/?new 4/143
