ETA CPP Exam Questions with Complete Solutions

ETA CPP Exam Questions with Complete Solutions 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? - ANSWER 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? - ANSWER 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? - ANSWER 120 days Which of the following merchants would be considered the highest risk? - ANSWER 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? - ANSWER 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? - ANSWER Discount rates, transaction fees, and settlement fees MasterCard's Convenience Purchases interchange qualification applies to which of the following transactions? - ANSWER Payment for taxi services When proposing check processing services to be included in a merchant's existing terminal, what steps should be taken to ensure the ability to process transactions? - ANSWER Verify the terminal and check reader/imager compatibility with the processor