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What are EFT and ACH transactions?

Most forms of consumer monetary transactions involve a collaboration of entities representing the consumer, business, banking/financial, and government sectors. The instrument form, payment application, and delivery technology have all evolved from the simple check or draft where an account holder issues a written order that authorizes the recipient to submit the instrument for payment. Thanks…

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Does SecureGlobalPay offer a secure payment gateway?

Non-Profit & Religious

SecureGlobalPay, and independent agent office SecureGlobalPay, offers SSL (Secure Socket Layer) Application Programming Interface (API) for e–commerce merchant Website builders and providers an encrypted connection to a powerful, secure payment engine. All SecureGlobalPay merchants receive significant benefits by using the SecureGlobalPay technology, the heart of the SecureGlobalPay Internet product suite. Click Here if You Are…

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What is a chargeback?

SGP Computer Companies

A chargeback is a reversal of a credit-card transaction — not because the product was returned or because the sale was never completed, but because there was some problem processing the transaction. Often, a chargeback means the merchant ended up providing a product or service for free — and had to pay the merchant bank…

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What are holdbacks?

A holdback is a percentage of the receipts of a credit card merchant account which the merchant bank retains to cover possible chargebacks. After a predetermined time, the holdback is returned to the merchant. Merchant banks almost never pay interest on this money, and it’s not available for your business to use during the holdback…

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