ETA CPP PRACTICE EXAM QUESTIONS WITH VERIFIED
ANSWERS LATEST UPDATE
Question 1.
Why is it important that all data points on the application are accurate?
ANSWER
Question 2.
When proposing check processing services to be included in a merchants existing terminal, what
steps should be taken to ensure the ability to process transaction?
ANSWER
Question 3.
Which of the following is defined by the term front-end?
ANSWER
Question 4.
A Merchant is processing under a retail account SIC/MCC code that was assigned during the
application underwriting process, but the merchant has since switched the type of business and the
method of transaction processing it provides to e-commerce. Which of the following repercussions
might the merchant incur if this change is undocumented?
ANSWER
Greater interchange fees and higher chargeback ratios
Question 5.
Which of the following information typically would be found on a merchants monthly billing statement
received from the merchant acquirer?
ANSWER
, Question 6.
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
Question 7.
Which of the following individuals is typically the authorized signer for a processing agreement
ANSWER
Question 8.
Which information source is the MOST helpful when keeping up-to-date on merchant acceptability
criteria?
ANSWER
Acquiring banks credit policy requirements
Question 9.
What is needed to properly troubleshoot potential installation or operation issues a merchant might be
having?
ANSWER
Knowlege of types of terminals and POS systems that are compatible with the processor and
of the exact way the merchant prefers specific solutions to process
Question 10.
Which is the BEST description of a payment professionals goals during communication with a
perspective merchant?
ANSWER
ANSWERS LATEST UPDATE
Question 1.
Why is it important that all data points on the application are accurate?
ANSWER
Question 2.
When proposing check processing services to be included in a merchants existing terminal, what
steps should be taken to ensure the ability to process transaction?
ANSWER
Question 3.
Which of the following is defined by the term front-end?
ANSWER
Question 4.
A Merchant is processing under a retail account SIC/MCC code that was assigned during the
application underwriting process, but the merchant has since switched the type of business and the
method of transaction processing it provides to e-commerce. Which of the following repercussions
might the merchant incur if this change is undocumented?
ANSWER
Greater interchange fees and higher chargeback ratios
Question 5.
Which of the following information typically would be found on a merchants monthly billing statement
received from the merchant acquirer?
ANSWER
, Question 6.
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
Question 7.
Which of the following individuals is typically the authorized signer for a processing agreement
ANSWER
Question 8.
Which information source is the MOST helpful when keeping up-to-date on merchant acceptability
criteria?
ANSWER
Acquiring banks credit policy requirements
Question 9.
What is needed to properly troubleshoot potential installation or operation issues a merchant might be
having?
ANSWER
Knowlege of types of terminals and POS systems that are compatible with the processor and
of the exact way the merchant prefers specific solutions to process
Question 10.
Which is the BEST description of a payment professionals goals during communication with a
perspective merchant?
ANSWER
