Minimum Volume Commitment
Contractual minimum processing requirement
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Merchant Discount Rate
Percentage fee charged per transaction
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Merchant Category High Risk Vertical
Risk classification of business type
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Liquidity
Ability to convert assets without major price impact
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Licensing
Regulatory authorisation to operate in a jurisdiction
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Layer 2 Network
Secondary network built on top of main blockchain
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KYB
Compliance verification of business identity
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Irreversibility
Confirmed transactions cannot be undone
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Hot Wallet
Online wallet connected to internet
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FX Spread
Difference between market rate and processor rate