Understanding the increasingly complicated payment processing landscape can be tricky, which is why PayPrin wants to help merchants get a better grip on key terms and definitions. With the following collection of PayPrin resources, merchants can find answers to their pressing questions and curate a better understanding of how payment processing works. While these pages might not answer every question, they are a good starting point for covering basic gaps in knowledge.
For more information on payment processing and how it can affect your businesses, refer to these pages:
High-Risk Merchant Category Codes (MCC)
Merchant category codes (MCC codes) help define what category a business falls into based on a high-level description of the goods or services sold by the merchant. Some businesses can also be classified into what’s known as a high-risk MCC code that often requires special registration and additional monitoring from the credit card associations. The high-risk merchant category codes page provides a description of common high-risk MCC codes.
Payments Industry Resources
Maintaining current knowledge of the credit card rules and regulations is nearly impossible, as each card association maintains separate regulations that are constantly evolving. PayPrin’s payments industry resources page provides links to these regulations and guidelines for merchants to research and better acquaint themselves with specific topics.
Payments Industry Glossary
For merchants that are confused with the various industry terms thrown around in payment language, PayPrin’s payments industry glossary page can help clear things up. It covers all the main definitions for commonly used terms from A to Z, allowing merchants to become well-versed in payments industry lingo for better communication.
PayPrin.com Site Map
If merchants can’t find the exact page they’re looking for on the PayPrin site, the PayPrin.com site map page is a good place to start. It lists every page on the site in a bulleted list for ease in finding whatever resources are required.
Still have more questions on payment processing topics? Contact PayPrin today to get a personalized answer to your inquiry.