ETA CPP STUDY GUIDE QUESTIONS AND VERIFIED
ANSWERS| 100% CORRECT| GRADE A+| LATEST 2025-
2026 UPDATE
Which of the following information typically would be found on a
merchant's monthly billing statement received from the merchant
acquirer? - Answer-Discount rates
During the review of a leads list, what action should a payments
professional take FIRST to maximize lead approval potential? - Answer-
Ensure the leads comply with the company's underwriting guidelines
A small business is unhappy with its current service provider's lack of
transparency in pricing, and the merchant is frustrated with the
requirement to include Level III enhanced data to obtain a qualified
commercial card discount rate because the burden of keying the
additional data is cumbersome to staff. While the business has an even
mix of consumer and commercial cards, the merchant reveals that over
90% of the commercial card volume comes from a single client who
utilizes a Visa Business card. The merchant notes, however, that the
business would like to take on clients in the future with a comparable
commercial card volume.
Based on the information shared by the merchant, which of the
following recommendations should the payments professional make to
the merchant in order to resolve current frustrations and keep the
business positioned to accept future clients - Answer-Transition to an
interactive voice response (IVR) authorization and capture solution
, Which of the following represents the BEST justification for using a
payments gateway? - Answer-Provides a merchant with a single access
point for mobile and stationary devices
What should a payments professional collect from a merchant to submit
with the merchant application for a public corporation? - Answer-
Personal guarantor signature
Why is it important that all data points on the application are accurate? -
Answer-To ensure compliance with federal regulations
When using the gross discount method, what are discount fees charged
on? - Answer-All sales volume
A payments professional submits an application for a large e-commerce
merchant, but is declined due to pricing concerns. What could the
payments professional have done prior to submitting the application in
order to better foresee the processor's decision? - Answer-Evaluate the
risk versus reward tolerance ratio acceptable to the processor
A prospective high-volume retail merchant with an average ticket of a
$8.00 transaction pays a $0.20 transaction fee. What is the BEST
interchange category for this merchant? - Answer-CPS small ticket
credit
Which of the following groups of associations would be MOST helpful
to consult when trying to identify and cultivate new national business? -
ANSWERS| 100% CORRECT| GRADE A+| LATEST 2025-
2026 UPDATE
Which of the following information typically would be found on a
merchant's monthly billing statement received from the merchant
acquirer? - Answer-Discount rates
During the review of a leads list, what action should a payments
professional take FIRST to maximize lead approval potential? - Answer-
Ensure the leads comply with the company's underwriting guidelines
A small business is unhappy with its current service provider's lack of
transparency in pricing, and the merchant is frustrated with the
requirement to include Level III enhanced data to obtain a qualified
commercial card discount rate because the burden of keying the
additional data is cumbersome to staff. While the business has an even
mix of consumer and commercial cards, the merchant reveals that over
90% of the commercial card volume comes from a single client who
utilizes a Visa Business card. The merchant notes, however, that the
business would like to take on clients in the future with a comparable
commercial card volume.
Based on the information shared by the merchant, which of the
following recommendations should the payments professional make to
the merchant in order to resolve current frustrations and keep the
business positioned to accept future clients - Answer-Transition to an
interactive voice response (IVR) authorization and capture solution
, Which of the following represents the BEST justification for using a
payments gateway? - Answer-Provides a merchant with a single access
point for mobile and stationary devices
What should a payments professional collect from a merchant to submit
with the merchant application for a public corporation? - Answer-
Personal guarantor signature
Why is it important that all data points on the application are accurate? -
Answer-To ensure compliance with federal regulations
When using the gross discount method, what are discount fees charged
on? - Answer-All sales volume
A payments professional submits an application for a large e-commerce
merchant, but is declined due to pricing concerns. What could the
payments professional have done prior to submitting the application in
order to better foresee the processor's decision? - Answer-Evaluate the
risk versus reward tolerance ratio acceptable to the processor
A prospective high-volume retail merchant with an average ticket of a
$8.00 transaction pays a $0.20 transaction fee. What is the BEST
interchange category for this merchant? - Answer-CPS small ticket
credit
Which of the following groups of associations would be MOST helpful
to consult when trying to identify and cultivate new national business? -
