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  1. Payarc
  2. Payments 101

Payments 101

Payments 101 is your starting point for understanding how payment processing works. This section explains essential industry concepts, including chargebacks, disputes, transaction terminology, and merchant best practices.

Intro to Payments

  • Card Present vs Card Not Present Transactions
  • How Payment Processing Works
  • Merchant Risk Levels
  • Payment Processing Acronyms 101

Who is Payarc?

  • Payarc Departments & Responsibilities
  • Payarc Payment Solutions
  • The Payarc Way

Pricing, Fees, and Statements

  • ACH Returns: What They Are and How to Resolve Them
  • Understanding Level 1 & Level 2 Data Processing
  • Understanding Level 3 Credit Card Data Processing
  • Understanding Payment Processing Fees

Chargebacks

  • How to Respond to a Chargeback
  • What Are Chargebacks? Understanding the Full Chargeback Lifecycle
  • Chargeback Reason Codes & Recommendations
  • Sep 2025 - Visa’s New VAMP Rules: Here’s What You Need to Know

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