ETA Certified Payments Professional (CPP)
Practice Exam | Verified Questions & Answers |
2025 Edition – 100% Accuracy
A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card
information that qualifies for Visa's business to business interchange qualification. What rate will the
merchant pay on this transaction? - ✔✔non-qualified
When using the gross discount method, what are discount fees charged on? - ✔✔
If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to
what should the payments professional be alerted? - ✔✔The Merchant may be thinking of closing their
account
What is the BEST solution for a payments professional to suggest to a merchant who is experiencing
intermittent batching errors while processing on a VoIP line with an IP-capable terminal - ✔✔
Which of the following represents the BEST justification for using a payments gateway? - ✔✔
Which is the BEST description of a payment professionals goals during communication with a
perspective merchant? - ✔✔
What should a payment professional collect from a merchant to submit with the merchant application
for a public corporation - ✔✔Financials
During review of a potential e-commerce merchant's website, which of the following information MUST
be present for approval of a merchant account - ✔✔Delivery policy, currency conversion, and export
restrictions
, During a meeting with a potential merchant, the merchant mentions to the payment profession that, on
occasion, credit cards are used to get cash out of the till. How should the payment professional proceed
with the conversation? - ✔✔
Which technique is MOST likely to increase a payments professionals success rates? - ✔✔Disclose all
pricing and terms prior to contract execution
During the review of a lead list, what action should a payments professional take First to maximize lead
approval potential? - ✔✔
A payments professional submits an application for a large e-commerce merchant, but is declined by the
processor due to pricing concerns. What could the payments professional have done prior to submitting
the application in order to better foresee the processors decision? - ✔✔
In addition to interchange fees, what transaction related costs can a merchant most likely expect to pay
when accepting credit and debit cards? - ✔✔Assessment fees
Which Peripheral device reads magnetic ink character recognition (MICR) information on checks? - ✔✔
Which method is BEST for helping a merchant solve an equipment issue over the phone - ✔✔
What is the MOST appropriate software application for a credit card terminal used by a retail merchant
who wants an automatic batch at the end of a business day? - ✔✔Host
When proposing check processing services to be included in a merchants existing terminal, what steps
should be taken to ensure the ability to process transaction? - ✔✔
During the initial sales process, a payments professional realizes that the merchant is paying itemized
cost for terminals, gift cards, and a reward program. The merchant would like to lower rates but enjoy
all ancillary products offered. Which is the BEST action for the payments professional to take? -
✔✔Discuss the advantages of bundled packages
Practice Exam | Verified Questions & Answers |
2025 Edition – 100% Accuracy
A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card
information that qualifies for Visa's business to business interchange qualification. What rate will the
merchant pay on this transaction? - ✔✔non-qualified
When using the gross discount method, what are discount fees charged on? - ✔✔
If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to
what should the payments professional be alerted? - ✔✔The Merchant may be thinking of closing their
account
What is the BEST solution for a payments professional to suggest to a merchant who is experiencing
intermittent batching errors while processing on a VoIP line with an IP-capable terminal - ✔✔
Which of the following represents the BEST justification for using a payments gateway? - ✔✔
Which is the BEST description of a payment professionals goals during communication with a
perspective merchant? - ✔✔
What should a payment professional collect from a merchant to submit with the merchant application
for a public corporation - ✔✔Financials
During review of a potential e-commerce merchant's website, which of the following information MUST
be present for approval of a merchant account - ✔✔Delivery policy, currency conversion, and export
restrictions
, During a meeting with a potential merchant, the merchant mentions to the payment profession that, on
occasion, credit cards are used to get cash out of the till. How should the payment professional proceed
with the conversation? - ✔✔
Which technique is MOST likely to increase a payments professionals success rates? - ✔✔Disclose all
pricing and terms prior to contract execution
During the review of a lead list, what action should a payments professional take First to maximize lead
approval potential? - ✔✔
A payments professional submits an application for a large e-commerce merchant, but is declined by the
processor due to pricing concerns. What could the payments professional have done prior to submitting
the application in order to better foresee the processors decision? - ✔✔
In addition to interchange fees, what transaction related costs can a merchant most likely expect to pay
when accepting credit and debit cards? - ✔✔Assessment fees
Which Peripheral device reads magnetic ink character recognition (MICR) information on checks? - ✔✔
Which method is BEST for helping a merchant solve an equipment issue over the phone - ✔✔
What is the MOST appropriate software application for a credit card terminal used by a retail merchant
who wants an automatic batch at the end of a business day? - ✔✔Host
When proposing check processing services to be included in a merchants existing terminal, what steps
should be taken to ensure the ability to process transaction? - ✔✔
During the initial sales process, a payments professional realizes that the merchant is paying itemized
cost for terminals, gift cards, and a reward program. The merchant would like to lower rates but enjoy
all ancillary products offered. Which is the BEST action for the payments professional to take? -
✔✔Discuss the advantages of bundled packages
