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Category: Encyclopedia
Martin
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Encyclopedia

Processor

What is the processor? The processor defines effective features that allow traders to obtain payments as well as to store funds, dispense payments and perform many other operations. It is a platform that operates in the background to manage and...
May 22, 2021
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Martin
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Encyclopedia

Prepaid Card

Prepaid Card What is Prepaid Card? The form of a Prepaid Card is very similar to common credit/debit cards. It has a magnetic stripe as well as a chip to provide the security measures. This kind of card has a...
May 22, 2021
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Martin
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Encyclopedia

Pre-arbitration

Pre-arbitration What is pre-arbitration? Firstly, you need to know that this definition comes closely with the notion of ‘chargeback.’ As the chargeback process commonly may have 4 stages, the pre-arbitration will be stage 3. Stage 1. 1st presentment. Stage 2....
May 22, 2021
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Martin
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Encyclopedia

POS Terminal

POS Terminal POS Terminal is an electronic tool applied at retail places to conduct card payments. The POS machine is an equipment that accepts and processes the cardholder’s payment. The terminal’s duties involve reading the data of a client’s credit/debit...
May 22, 2021
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Martin
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Encyclopedia

Plugin

Plugin Plugin (also known as a plug-in) is a software that enables customization by adding a specific feature to the current computer program. Plugin’s primary goal is to enhance the program as well as to provide new capabilities. Those merchants willing...
May 22, 2021
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Martin
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Encyclopedia

Platform Integration

Platform Integration What is Platform Integration? Platform Integration is a procedure during which the incorporation of various apps and services takes place. This software can be created from elements, bought as a pre-built output available for installation or obtained as...
May 22, 2021
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Martin
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Encyclopedia

PIN Pad

PIN Pad PIN Pad is an electronic tool conducting debit, credit or smart card based transactions and encrypting the identification code of the holder. The main goal of the pads is to read the credit or debit cards. Another feature...
May 22, 2021
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Martin
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Encyclopedia

Phishing

Phishing What is Phishing and Phishers Mean? Phishing is an attempt to gather personal data through fraudulent websites, and emails. This term is used to define a cybercrime in which the passwords, credit card numbers, and bank account facts are...
May 22, 2021
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Martin
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Encyclopedia

Payments Gateway / Platform

Payments Gateway / Platform What is a payment gateway? Payments Gateway is an e-commerce structure which enables a holder’s transfer of money between banks and traders beyond personal or card information. PG is an advanced service that scans the credit card...
May 22, 2021
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Martin
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Encyclopedia

Payment Service Provider (PSP)

Payment Service Provider (PSP) What is Payment Service Provider (PSP)? Payment Service Provider (PSP) is a company that supports online sellers, merchants and various businesses during the transactions and as a result, makes them more easy and beneficial. Moreover, PSP...
May 22, 2021
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Payment Restrictions
Martin
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Encyclopedia

Payment Restrictions

What are Payment Restrictions? Payment restrictions refer to rules or limitations placed on how and when payments can occur. These might be set by either party in a transaction—buyer or merchant—or imposed by external regulations. Restrictions can involve timing, transaction...
May 22, 2021
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Martin
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Encyclopedia

Payment Processing Speed

Payment Processing Speed What is Payment Processing Speed? Payment processing speed is an amount of time involved in receiving a response from the API call to the payment gateway. The entire transaction usually takes no longer than a few seconds....
May 22, 2021
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Martin
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Encyclopedia

Payment Page

Payment Page What is a payment page? The payment page is a web page that allows customers to purchase items easily and securely. After adding the items to the shopping basket, the user must be redirected to the payment page and...
May 22, 2021
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Payment Authorization
Martin
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Encyclopedia

Payment Authorization

What is Payment Authorization? Payment authorization (also called credit card authorization) is the step in the payment process where the issuing bank verifies the payment method. The bank confirms that the account has enough funds or available credit and ensures...
May 22, 2021
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Martin
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Encyclopedia

Pay-out

Pay-out What is a pay-out? Pay-out is a term that stands for the process of paying out the money. When you talk about the pay-out, it is usually connected with a big amount of money that is paid to some...
May 22, 2021
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