PDF Notes: 040126 Lunch

What is the total amount for the sale?

Includes base amount, fees, and tip.

What defines a chip read transaction?

Involves inserting a card into a reader for secure payment.

How does contactless payment differ from chip read?

Uses NFC technology for tap-to-pay without card insertion.

What is the base amount in this transaction?

The initial charge before fees and tips.

What happens if a tip is not added?

The total amount remains lower than suggested tip options.

What is the fee associated with this transaction?

A small charge added to the base amount.

What does the approval code indicate?

Confirms the transaction was authorized by the card issuer.

What is the significance of the transaction ID?

Uniquely identifies this specific transaction for reference.

What are the suggested tip amounts based on percentages?

Calculated based on the subtotal to encourage tipping.

What does the term 'Resp' signify in the transaction?

Indicates the response from the payment processor.