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Merchant Service

Glossary - D

Merchant Services Terms Glossary

These terms occur frequently in both the merchant services industry and on our website.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 

Glossary Terms


DBA

See Doing Business As


DDA

See Demand Deposit Account


Debit

A charge to a customers bankcard account. A Transaction, such as a Check, Automated Teller Machine (ATM) withdrawal, or Point-of-Sale (POS) debit purchase that debits a demand deposit account.


Debit Card

A PIN-based or signature-based Card used to purchase goods and services and to obtain cash by way of a debit to the Cardholder's deposit or pre-paided account.


Decline Code

An Authorization Code indicating that the Transaction is declined and the Card is not to be honored.


Declined Pick-Up Code

An Authorization Code indicating that the Transaction is declined and the Card should be retained by the Merchant.


Demand Deposit Account

A commercial banking account designated by the Merchant through which all Transactions, fees, charges, adjustments and chargebacks are processed.


DES3

See Triple DES (DES3)


Discount Rate

A type of fee paid by a Merchant to process its Card Transactions. Discount is calculated by multiplying the Discount Rate by the Volume of Card Transactions.


Doing Business As (DBA)

The trade name of a Merchant that may appear on business signs, customer literature or other documents.


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