Merchant
Account Glossary Series:
(Terms and Definitions)
Bank Card
A Visa / MasterCard credit card.
Why is it called a bank card? Because it is issued by a bank,
unlike American Express or Discover which issue their cards directly.
Batch
A collection of credit card transactions saved and submitted
for processing all at one time. This is helpful for merchants
who operate a membership or recurring billing business. Your
“batch file” can be uploaded to your virtual terminal and processed
all at once.
Batch ID
Once a batch is
settled, it receives a unique batch ID. Each and every transaction
in that batch shares this identifier.
Note: If a transaction doesn’t have a batch ID associated with
it, that transaction has not been settled.
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