Merchant Acquiring

Drop Ship

What is Drop Ship. Drop shipping is a retail fulfillment method in which sellers transfer customer orders and shipment details to third-party suppliers rather than maintaining their own inventory.

Merchant of Record (MOR)

What Is a Merchant of Record (MOR). A merchant of record (MOR) is the legal entity that is officially responsible for processing a transaction and selling goods or services to an end customer.

Merchant Category Code (MCC)

What Is a Merchant Category Code (MCC). A merchant category code (MCC) is a four-digit number assigned to a business by card networks to classify the primary type of goods or services it provides.

Merchant Discount Rate (MDR)

What Is the Merchant Discount Rate (MDR). The merchant discount rate (MDR) is the fee a merchant pays for accepting card-based payments from customers. (MDR) is typically expressed as a percentage of the transaction value and may also include a fixed per-transaction component.

Merchant Management System (MMS)

Explore the comprehensive guide on Merchant Management System (MMS) in the global banking and financial services sector. Learn about its definition, usage, benefits, key stakeholders, implementation, and future trends. Understand why MMS is essential for efficient merchant operations, risk management, and regulatory compliance.

Independent Sales Organization (ISO)

What Is an Independent Sales Organization (ISO). An independent sales organization (ISO) is a third‑party entity authorized to market, sell and support payment processing services on behalf of acquiring banks or payment companies.

Local Acquiring (LA)

What is Local Acquiring Local acquiring is a payment process where businesses partner with an acquiring bank or payment provider within the same country or region to process transactions in the local currency.

Retail ISO

What is Retail ISO A retail ISO is a third-party organization authorized to sell and support merchant services on behalf of acquiring banks or processors, helping businesses accept credit card, debit card, and other electronic payments.

Buy Now Pay Later (BNPL)

What is Buy Now Pay Later (BNPL). Buy now pay later (BNPL) is a payment method that allows consumers to purchase goods or services immediately and pay for them later, often through interest-free installments if repayments are made on time.