Merchant accounts vs. IPSP billing

[*KK*]

Originally posted by rhymer11@Jan 9 2005, 07:16 PM
This is an interesting explanation, but the acronyms escape me...
"An SMID is akin to a TID without a MID"
Please explain.


edit:
"Most every bank I know of has instigated credits as a percentage of sales into allowable ratios as well, since Mastercard reserves the right to fine on credits if they determine they are being issued solely for the sake of avoiding a CDC initiation."

This particular situation is becoming a very rare occurence.

SMID =sponsored merchant id
MID =merchant id
TID = terminal id

Interesting that you are unfamiliar with those terms since they have been the standard for so long that there really arent any others to use.

I'm also not sure what you mean by your comment about something becoming a very rare occurence? If you mean credits issued in lieu of chargebacks, you're incorrect. If you mean banks penalizing accounts they find doing so, you're also incorrect.

So please clarify what you are referring to if you can.