ANSWERS/ LATEST ETA CPP EXAM 2025 PREP QS AND ANSWERS(BRAND
NEW!)
Which of the following merchant types would not be prohibited? (Some
merchant types could fit under more than one category)
a. Adult content
b. "Knock off" goods
c. Lingerie sales
d. Gambling - ANSWER-c. Lingerie sales
Which of the following merchant types would be placed under Restricted?
(Some merchant types could fir under more than one category)
a. Makeup sales
b. Tobacco
c. Nutraceuticals
d. Trophy Shops - ANSWER-c. Nutraceuticals
According to MasterCard and Visa rules, which of the following types of
merchants would be required to be registered in the high-risk category?
a. Drug stores and pharmacies
b. Counterfeit and copyright infringement merchandise
c. Deceptive marketing practices
d. Illegal prescription drugs - ANSWER-a. Drug stores and pharmacies
Which of the following is a trigger that will place a merchant on a Card Brand
Chargeback Monitoring Program?
a. Chargeback rates less than 1%
, b. Number of chargebacks is equal to the number of sales in one day
c. Chargeback rates greater than 1.5%
d. Chargeback is 50% greater than average ticket - ANSWER-c. Charegback rates
greater than 1.5%
Which of the following represents a balanced portfolio?
a. A portoflio that does not cause losses
b. A portfolio that is not reliant on any one segment or a small set of merchants
c. A portfolio that is approved by the acquirer
d. A shared BIN portfolio - ANSWER-b. A portfolio that is not reliant on any one
segment or a small set of merchants
Which regulatory agency is NOT currently a factor in acquiring?
a. DOJ
b. FTC
c. OSHA
d. CFPB - ANSWER-c. OSHA
In which situation below is the merchant liable?
a. Mag stripe only card swiped at the point of sale cardholder claims fraud
b. Chip card dipped in the terminal and the cardholder claims fraud
c. Chip card not dipped and it is counterfeit fraud
d. Visa chip card swiped and not dipped cardholder claims lost or stolen -
ANSWER-c. Chip card not dipped and it is counterfeit fraud
Merchants with chargeback problems tend to be:
a. Ok because there is a fee earned by the provider for each chargeback