PAYMENT GLOSSARY

Average Ticket Size

Average ticket size refers to the average dollar amount of your credit card transactions. Average ticket size is always asked when you set up a new merchant account. If you don’t yet process credit cards, simply estimate your average credit card sale. (Keep in mind that the average credit card transaction is typically higher than the average cash transaction.) If you already process credit cards, simply divide your total monthly volume by the number of transactions to determine your average ticket size.

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