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- Question 1 of 10
1. Question
Is the following statement true or false?
The Address Verification Service or AVS is a service that credit card processors implement to verify that the billing addresses of your customers match the addresses on their credit card statements.
CorrectIncorrect - Question 2 of 10
2. Question
Is the following statement true or false?
An Authorization is the process when your customer’s credit card issuer gives permission and allows a payment transaction to proceed.
CorrectIncorrect - Question 3 of 10
3. Question
Is the following statement true or false?
The Billing Address is the address used on a customer’s credit card statement.
CorrectIncorrect - Question 4 of 10
4. Question
Is the following statement true or false?
A Chargeback is a penalty fee against your account.
CorrectIncorrect - Question 5 of 10
5. Question
Is the following statement true or false?
A Gateway or Payment Gateway is the checkout software used for online shopping carts.
CorrectIncorrect - Question 6 of 10
6. Question
Is the following statement true or false?
A Listing Fee is a fee that some online auction websites charge sellers to list products or services.
CorrectIncorrect - Question 7 of 10
7. Question
Is the following statement true or false?
Profit Margin is the difference between what a retailer pays for or spends to create a product and how much it earns on each sale of the product.
CorrectIncorrect - Question 8 of 10
8. Question
Is the following statement true or false?
A Merchant Account Provider is an online account service provider that lets ecommerce businesses accept debit and credit payments and temporarily holds the money until it’s transferred to the business’s bank account.
CorrectIncorrect - Question 9 of 10
9. Question
Is the following statement true or false?
Payment Card Industry Compliance or PCI is a set of requirements to ensure you protect your customers’ credit card information when stored, processed, or transmitted.
CorrectIncorrect - Question 10 of 10
10. Question
Is the following statement true or false?
A Payment Service Provider is an eCommerce service that lets online stores accept and process multiple payment methods, such as credit cards, direct debits, bank transfers and real-time online banking.
CorrectIncorrect