Average Order Value (AOV)

Average order value tracks the average dollar amount spent each time a customer places an order on a website or your ecommerce store. To calculate your company's average order value, simply divide total revenue by the number of orders. 

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Arbitration

Arbitration is a mechanism and process for resolving banking/monetary disputes between merchants and shoppers. If the issuing bank disputes a representation from the acquiring bank, the card issuer may file for arbitration with Visa/Master. In arbitration, Visa/Master decides which party is responsible for the disputed transaction. In mos...

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