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Payments Glossary

Cutting through the jargon…

The world of payments is complex enough. Merchants today are faced with an ever-changing landscape of rules and regulations which dictate how transactions are processed. The technology is changing all of the time with new and innovative solutions being introduced at lightening speed. Staying on top of even the most common payment terms can be difficult when you have a business to run. And that’s before you start digging into all of the confusing jargon and mind-boggling acronyms.

We’ve built this glossary with the most common payment terms you might come across to help you with the daily running of your business. Will continue adding new terms as they are coined or whenever we hear them for the first time…


Chargeback

See Definition

PSD2

See Definition