ETA CPP Practice Exam 2021 with complete updated solution()

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? - answernon-qualified When using the gross discount method, what are discount fees charged on? - answerAll sales volume If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments professional be alerted? - answerThe 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 - answerInstruct the merchant to use an Ethernet cable to connect the terminal to the cable modem powering the voip line Which of the following represents the BEST justification for using a payments gateway? - answerProvides a merchant with a single access point for mobile and stationary devices Which is the BEST description of a payment professionals goals during communication with a perspective merchant? - answerTo understand and find a solution that addresses the merchant's needs What should a payment professional collect from a merchant to submit with the merchant application for a public corporation - answerFinancials During review of a potential e-commerce merchant's website, which of the following information MUST be present for approval of a merchant account - answerDelivery 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? - answerInform the merchant that this action is a violation of the card brand terms and that the processor would have to act accordingly if they identified the activity