PAYMENT GLOSSARY

Authorization Fee

This is the amount charged to you each time a communication happens between your software or Point-of-Sale terminal and the authorizing network. The communication can occur either over a dial-up telephone line, leased line or the internet. This fee covers all transaction types: sale transactions, post-authorization transactions and refunds.

Discover more payments terms

View all terms
SWIPESUM.CONSULTING

We help businesses make intelligent payment decisions.

Learn more about Swipesum
audit

Start with a free audit of your payments processing statements

Schedule an audit
consultation

Connect with a payments expert and get a free initial consultation

Book consultation