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BNI Goodly Pay

Authored by Aaron Shannalee

Business

4th Grade

Used 2+ times

BNI Goodly Pay
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What Family is this?

The Brady Bunch
The Simpson Family

The Hansen Family

The Munsters

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does a cardholder have to dispute a transaction on their credit card statement?

60 days
30 days
90 days
120 days

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information, if added to a transaction lowers the fees a business pays to key in a card#?

The customer's astrological sign
The customer's pet's name
AVS (Address Verification System) information
The customer's favorite color

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does a normal business wait to receive deposits from card sales?

1-3 months
1-3 business days
4-6 business days
1-2 business weeks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the difference between having a merchant account and using Paypal or Square?

A merchant account has underwriting where square and paypal don't. They are payment facilitators.

Using Paypal or Square allows for international transactions, while having a merchant account is limited to domestic transactions
Merchant accounts provide better security for transactions, while Paypal and Square have higher risk of fraud
Having a merchant account means paying higher transaction fees, while Paypal and Square offer lower fees

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