ResaleBay Software

Glossary

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Merchant Account

A written, commercial bank account established by contractual agreement between your business and a bank. The agreement contains the respective rights, warranties, and duties with respect to accepting the bankcard (i.e. Visa or MasterCard). You must apply for this account much like you would apply for a commercial loan.

Mixmatch

Mixmatch is the term use to describe the feature in Resale Connection where multiple items are grouped together in a sale transaction to offer a group discount.

MOTO

MOTO Credit Card Processing. (MOTO = Mail Order Telephone Order). Basically, this means that you collect credit cards in an environment where the customer and credit card are not physically present at the time of purchase. These are usually telephone and mail order purchases.