Merchants have successful businesses to run and rarely is there time to learn the numerous credit card terms and payment processing terms that make up the payments industry. In a previous blog, we offered 4 Tips to Understanding Merchant Statement Fees. Informed merchants are in a better position to negotiate lower rates and improved overall service. We have created this list of top the 40 credit card processing terms as a quick and easy reference guide for industrious merchants. Our thought process is simple: the more you understand about the most common and confusing terms, the better prepared you are to negotiate your best rates.