Glossary
This glossary provides key terms from the payments industry, simplifying the complexities of payment processes for you.
Term
Simple defination
Reason Code
Why the chargeback was started.
Re-presentment
When a business fights a chargeback.
Representment Rights
A business's right to challenge a chargeback.
Reserve Account
A special account where banks keep some of a merchant's money for security reasons.
Retrieval Request
When the bank asks for details about a sale.
Rolling Reserve
Money set aside for potential future issues.