ETA CPP Practice Exam 2024 Questions and Answers 100% Correct

ETA CPP Practice Exam 2024 Questions and Answers 100% Correct 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- non- qualified 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? - 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