AboutEditorial
GeekPenny
Merchant services

Payments glossary

Processing statements are deliberately confusing. These are the terms you'll actually see — defined in plain English by people who read the statements every day.

Editorially reviewedReviewed by Sam Patel, Merchant services editorUpdated April 1, 2026How we make moneyMethodologyAdvertiser disclosure

Stop overpaying

Get an honest read on your statement

We compare your effective rate against benchmarks and surface junk fees in 60 seconds.