Frequently Asked QuestionsWhat types of payments can I accept through Ascent?

Debit and Credit Cards from Visa, MasterCard, Discover and American Express, Pre-paid Card, ACH, installment financing plans, and surcharge.

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General

• What is Payment Processing?
• What are the advantages of accepting credit & debit cards?
• What is a merchant account?
• How do I get an account? What business information is needed to open an account?
• What is Merchant of Record (MOR) and why is it important?
• How long will it take to process my merchant processing application?
• What types of payments can I accept through Ascent?
• What fee payment options does Ascent offer?
• What if my business is not based in the U.S. or Canada?
• Why Ascent?
• Do you have options to help offset credit card fees?
• What are assessment fees?
• What countries does Ascent service?
• What is an Effective Rate?
• What is a MO/TO Transaction?
• What is a Merchant Buying Group?

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