iMerchantNetwork.com : Merchant Services credit card merchant accounts : iMerchantNetwork.com accept credit cards
 
Retail, MOTO/Phone, Internet & Wireless Merchant Accounts
High Risk Merchant Accounts
High Volume / Offshore Merchant Accounts
   
 

 
 

Merchant Account Glossary Series:
(Terms and Definitions)

    

Debit Card

A financial instrument used by consumers in place of cash. Unlike a credit card, debit card purchases are deducted automatically from the cardholder's account.

   

PIN (personal identification number)

A personal identification number is used by an ATM or debit card holder to authenticate card ownership for transactions. The cardholder must enter the correct PIN into a PIN pad or touch-screen to complete the transaction

     

Issuing Bank

This is the bank that maintains the consumer's credit card account and pays out to the merchant's account upon a credit card purchase.

 


 

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