This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

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Merchant
Merchant

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!!! Overview
The [{$pagename}] is offering goods or services that the customer wants to buy.
[{$pagename}] is defined in [PCI] as any [entity] that accepts [Payment Card] bearing the logos of any of the five members of [PCI SSC] (American Express, Discover, JCB, MasterCard or Visa) as payment for goods and/or services.”
[{$pagename}] is one member of the The [Four-Party Credit Card System]
[{$pagename}] are [Authorized] through an [Enrollment] by a [Card Processor] ([MSP])
!! [{$pagename}] Responsibilities[1]
The [{$pagename}]’s roles and responsibilities are as follows:
* Capture card data from the [Credit Card|Payment Card]
* Initiate and authorize the purchase transaction through the [Payment Network].
* Verify [Cardholder] identity.
* Capture the transaction for onward submission to the merchant [Acquirer].
* Pay a fee called the [Merchant Service Commission] ([MSC]) to the merchant [Acquirer].
[{$pagename}]s assigned a [Merchant Category Code] by the [Card Issuer] when the [Merchant] first starts accepting [Payment Cards]
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
* [#1] - [Developing and Managing a Successful Payment Cards Business|https://www.gowerpublishing.com/pdf/SamplePages/Developing_Managing_Successful_Payment_Cards_Business_Ch2.pdf|target='_blank'] - based on data observed:2015-05-18
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop