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Introduction to Accepting Credit Term Payments

While credit term payments have been in use for a long time, there are increasingly more and more companies looking to payment term options to entice consumers to make purchases now that they might have put off until they had the disposable income to do so. Term payments provide a means to access the under-banked consumer markets as well as more affluent demographic markets.

Term payments are not for everyone, and they come with some considerable risk to the merchant, but if implemented correctly it can provide a meaningful increase in sales conversion, and larger potential customer pools. The Introduction to Accepting Credit Term Payments online training session provides you with the fundamentals of building out a terms payment program whether your will be offering term payments in-house or through a third party provider.

Key Concepts Covered:

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After completing this course you should be able to answer and discuss the following questions:
(1) How do credit term payments work and how do merchants offer them in the online channel? (2) How does term payment processing affect merchants in terms of risk exposure and cost of payment acceptance? (3) What are the common fraud tools needed for accepting credit term payments?

Training Objectives: (1) Gain a basic underlying understanding on the role, function and responsibilities of all of the potential entities that can be involved with credit term payments. (2) Be able to define the stages of a credit terms payment purchase detailing the physical money flow. (3) Gain an understanding of the financial liability of bad debt and fraud as well as the impact it can have on a business’s bottom line. (4) Be able to describe the traditional manner in which merchants setup and use term payments and how accepting term payments effects their operations. (5) Be able to discuss the effectiveness of fraud tools with credit term payments.

Expected time to complete training: 90 minutes (includes quizzes and exam)

Course Applicability:

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Prerequisites: This is considered an Introductory level course and requires no previous knowledge or training on the subject matter, but basic knowledge of eCommerce Credit Card Payments is recommended.

The Fraud Practice's Online Portal and Training Courses:

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Enroll Now for $120 This training course is available online and can be started today.

Enrollment is easy and takes just a few minutes. You'll first need an account in our online training portal which can be created here. This free account can then be used to register for any of The Fraud Practice's online training courses or certification programs. With lessons available online 24x7, you are able to begin the Introduction to Accepting Credit Term Payments online training course immediately after enrolling.

Course Access: Unrestricted

Course Availability: Online, In-House and Webinar

Pricing & Online Enrollment: Take this course for only $120 by Enrolling Now.

We Want 100% Satisfaction: There is nothing worse than signing up for training only to find out that it wasn't on the topic you expected, or it wasn't advanced enough to provide value. If you have any doubt about the fit of a course to your particular needs, please give us a call. We will be happy to discuss the course, and to provide a more detailed overview on the content to ensure you make the most of your training dollars and time.

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Online Training Course

Credit Term Payments Training Course

An online training course covering the typical credit terms payment process flow while defining each of the payment players. This session reviews payment concepts such as credit risk, underwriting, bad debt, collections and 3rd party providers.

The content is broken down into bite sizes, which gives me the ability to take lesson if I have 30 minutes at the end of the day. When at home I know I can take a lesson or two and not need to invest a whole lot of time.

T. Lee
Director of Product Marketing, Transaction Network Services