Credit Card Glossary: Terms and Definitions
Card-present transactions are those in which a credit card is physically present. Merchants are charged different levels of fees by the card transaction proccessors (such as Visa, MasterCard), depending on the level of fraud risk. Card present transactions, because the card is available for inspection, are considered less risky and therefore carry lower fees than online or phone transactions.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.