Sentences with phrase «what type of merchant»

Here's why: Card companies know what type of merchant you are charging at only via the merchant category code (MCC) that the card networks assign to individual businesses.

Not exact matches

This code is used by credit card processing networks to determine what type of business is run by the merchant.

In most cases, if you're asked what type of credit card you have by a merchant or checkout form, the question is likely referring to the credit card network, which is the company that processes the credit card transaction.

The fee varies on what type of card is used, but typically debit cards are cheaper for merchants to process than credit cards.

The development represents what is today a rare type of news in the blockchain space: merchant integrations.