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Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
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Surcharge
A surcharge is an extra fee that’s added to the regular total amount.
Related Terms
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TLS (Transport Layer Security)
TLS refers to a cryptographic protocol to secure information sent over a computer data network. Connections using TLS typically have multiple authentication methods in place to secure...
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