Effective Rate

The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage, and is calculated by dividing gross processing fees by gross sales. Learn More

Related Terms

  • Hosted Tokenization

    Hosted tokenization enables payments inside of software applications to be processed without exposing the actual payment information, such as a credit card number. Learn More

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  • Settlement Date

    The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.

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