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1. Merchant Warehouse
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2. Merchant Express
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3. Charge.com
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MERCHANT ACCOUNT GLOSSARY TERMS
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Best Merchant Accounts
1. Merchant Warehouse
No Contracts! Best Price Guarantee! Low Rates! Call 1-866-396-4142!!! 		Visit Site
2. Merchant Express
NO SETUP FEE! All types of businesses. All inclusive merchant account. 		Visit Site
3. Charge.com
Fast approvals! No setup fee!! No excessive fees!!! 		Visit Site

Glossary Term F – Best Merchant Services Reviews

Factoring
In terms of e-commerce, factoring is the practice of allowing other companies to process credit card transactions through one company's merchant account rather than requiring them to purchase a merchant account of their own, in exchange for a percentage of the transaction. This is also known as credit card laundering, and is illegal practice that can result in heavy fines.

Floor Limit
A specific dollar limit which designates that certain transactions must be authorized. For instance, if your floor limit is $1,500, authorization is required for any transaction over that amount.



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