ETA CPP Practice Exam With Questions And Verified Answers Guaranteed A++

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? - Answer nonqualified When using the gross discount method, what are discount fees charged on? - Answer If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments professional be alerted? - Answer The Merchant may be thinking of closing their account What is the BEST solution for a payments professional to suggest to a merchant who is experiencing intermittent batching errors while processing on a VoIP line with an IPcapable terminal - Answer Which of the following represents the BEST justification for using a payments gateway? - Answer Which is the BEST description of a payment professionals goals during communication with a perspective merchant? - Answer What should a payment professional collect from a merchant to submit with the merchant application for a public corporation - Answer Financials During review of a potential e-commerce merchant's website, which of the following information MUST be present for approval of a merchant account - Answer Delivery policy, currency conversion, and export restrictions During a meeting with a potential merchant, the merchant mentions to the payment profession that, on occasion, credit cards are used to get cash out of the till. How should the payment professional proceed with the conversation? - Answer Which technique is MOST likely to increase a payments professionals success rates? - Answer Disclose all pricing and terms prior to contract execution During the review of a lead list, what action should a payments professional take First to maximize lead approval potential? - Answer A payments professional submits an application for a large e-commerce merchant, but is declined by the processor due to pricing concerns. What could the payments professional have done prior to submitting the application in order to better foresee the processors decision? - Answer In addition to interchange fees, what transaction related costs can a merchant most likely expect to pay when accepting credit and debit cards? - Answer Assessment fees Which Peripheral device reads magnetic ink character recognition (MICR) information on checks? - Answer Which method is BEST for helping a merchant solve an equipment issue over the phone - Answer What is the MOST appropriate software application for a credit card terminal used by a retail merchant who wants an automatic batch at the end of a business day? - Answer Host When proposing check processing services to be included in a merchants existing terminal, what steps should be taken to ensure the ability to process transaction? - Answer During the initial sales process, a payments professional realizes that the merchant is paying itemized cost for terminals, gift cards, and a reward program. The merchant would like to lower rates but enjoy all ancillary products offered. Which is the BEST action for the payments professional to take? - Answer Discuss the advantages of bundled packages Why is it important that all data points on the application are accurate? - Answer A Strong Competitor has been taking business away from a payments professionals portfolio. What is the BEST strategy for the payments professional to take in order to remain competitive? - Answer What are the best ways to set a good example for your merchants in the area of PCI compliance/Data Security - Answer What is the BEST course of action for payments professionals who are faced with a question that they do not know how to answer? - Answer Which of the following techniques is BEST for managing customer expectations? - Answer Set realistic expectations A payments professional believes that a prospective client with a large customer base would benefit from the use of a PCI- complaint credit card storage module. However, prior to offering the solution, the payments professional needs to identify the merchants key pain points and goals. As a part of the discovery process, which of the following questions would BEST elicit the merchants need to implement the solution? - Answer How would the option of removing data from your system improve business risk and PCI compliance efforts