Welcome to the Merchant Warehouse Glossary. This section has been designed to provide easy to understand and meaningful definitions to common phrases and terms used in the payment and credit card processing industry.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Unique Transactions
Merchant Warehouse | VIEW PROFILE
Unique transactions are payment card sales transactions in which merchants adhere to card acceptance procedures that may be different from ones required of regular payment card sales transactions. They are transactions that cannot be categorized as a retail sale or even a...
Unsecured Credit
Merchant Warehouse | VIEW PROFILE
Unsecured credit is credit extended without collateral and without the borrower attaching specific assets in the event of default. It’s a form of credit that allows both individuals and businesses to obtain financial support from a bank without the use of such assets as...