ETA CPP E EXAMS BUNDLE KEY CONCEPTS
AND PRACTICE QUESTIONS
◉ 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 IP-capable 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?
AND PRACTICE QUESTIONS
◉ 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 IP-capable 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?
