WorksheetsProlific Business Solutions
Total questions: 10
Worksheet time: 6mins
How long does a card holder have to dispute a transaction on their credit card statement?
30 days
3-6 months
1-3 months
1 year
What information, if added to a transaction, can lower the fees a business pays to accept a keyed in transaction?
CVV (three digit code on the back)
Address/ZIP code
Tax exempt status (Business cards only)
Invoice of PO# (Business cards only)
How long can a retail store or a medical office using Prolific expect to receive their credit card sales in their bank account?
2 weeks
1 week
5-7 days
2-3 days
How many calls does the average merchant receive from solicitors about their credit card processing?
Twice a week
Never
Once a week
Everyday
Is Square or Paypal the same as having a merchant account?
It depends
No
Yes
Can a Prolific Merchant accept payments on their smartphone?
Yes
No
For a small fee of $1000
Only if it's an iPhone
What is the interchange rate?
Wholesale rate that Visa and Mastercard charge everyone
2.5%
Whatever Square and Paypal charge
Whatever the business wants
What is the cheapest method for accepting debit and credit card transactions?
Keying them in
Swipe/Chip
Recurring payments
Apple Pay
What is a chip card?
A Dorito
Gift card
Credit/Debit card with a Microchip in place of a magnetic strip
The Outer Limits Fun Zone cards
Other services that Prolific offers besides processing credit and debit cards
Custom gift cards
Gateway services
Point of sale systems
Virtual terminals
Much more!
