Credit Card Processing

Introduction

This section of the application provides information on the credit card processing that a merchant has done in the past, or will be doing in the future. Typical information provided in this section includes things like the types of credit card transactions the merchant will be processing (card present, card not present, eCommerce), sales/processing volumes, average ticket size, marketing information, etc

Credit Card Processing Methods

These are the processing volume percentages that must altogether add up to 100%.
Property
Description
card_swiped
required
Enter numeric percentage of transactions for each type. For example, if all types were split evenly, each field would be 25% and add up to the total 100%.
manually_keyed_cp
required
​
manually_keyed_cnp
required
​
ecommerce
required
​
accept_cc_before
required
Has merchant accepted credit cards before?
previous_processor_name
conditional
Previous processor name (required if accept_cc_before is set to true)

Projected Volume

Property
​
Description
qualified_processing_method
required
Defines the method of qualified card processing the merchant plans to use.
  • EDC Retail => EDC
  • EDC Card Not Present (CNP) => EDCCNP
  • Touch Tone Capture => TTC
  • Paper => PA
  • Other => OT
avg_transaction_amount
required
The amount of the average transaction the business will be processing
highest_transaction_amount
required
The highest single ticket amount
total_monthly_sales
required
The average total monthly sales for the business.
frequency_ticket_per_year
required
What is the frequency of the highest ticket per year?
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