An ACH credit occurs when the receiver’s account is credited.Learn More
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the “merchant discount” or “discount rate,” is negotiated with each merchant during the sales process. The discount rate is usually a percentage of the merchant’s sales volume.
An account held at a development financial institution (DFI) which has been opened by a natural person and is used for personal needs.Learn More