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From A for acquirer, to Z for "zero-rated": In our glossary you will find a clear list of the most common technical terms from the world of payments explained in a simple and understandable manner.

A security deposit that sets aside a portion of the turnover and serves as a cushion for possible payment defaults or recoveries (e.g. returned direct debits or chargebacks). The amount is based on the percentage of turnover within a certain period of time and can vary depending on the industry and the risk assessment of the company.

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