Answers| Our Experts Respond to Your Questions
Payment Systems Worldwide answers the most common merchant questions. If you have a question not answered below, please don’t hesitate to contact us.
- What is a merchant account?
- How do I apply for a merchant account or payment gateway?
- How long does it take to set up a merchant account?
- Do I need a business license?
- If I have bad credit, can I be approved?
- If I have more than one business, do I need more than one account?
- What is the difference between a retail and a MOTO account?
- Can I open a seasonal account?
- Can I use my existing checking account?
- How do I change my DDA (Direct Deposit Account)?
- How do I receive my funds?
- How soon will I have access to my funds?
- Do I need a dedicated phone line?
- Can I use a credit card terminal that I already own?
- Will I receive a monthly statement?
- Can I view/monitor my activity online?
- Which credit cards will I be able to accept?
- Can I accept debit cards from customers?
- What is the difference between signature debit and PIN-based debit?
- What is a discount rate?
- What is a qualified rate?
- What is a mid-qualified rate?
- What is a non-qualified rate?
- What is AVS?
- What are CVV/CV2/CID codes?
- What is a per transaction fee?
- What is a chargeback?
- What is a retrieval request?
- What is a payment gateway and is it secure?
- Can I use a terminal with an internet connection/DSL?
- Can I process wireless or WIFI?
- What is an Electronic Check Transfer?
- What is PCI?
- How do I know the rules and regulations of credit card processing?
- If I need help, who should I contact?
