Merchant Service

Glossary - L

Merchant Services Terms Glossary

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

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Glossary Terms


Late Settlement Fee

A fee paid to Visa® or MasterCard® by the merchant for late processing of a batch settlement.


Lost Card Reporting

An issuer service where the cardholder registers card that has been lost or stolen.


Laundering

See Factoring


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