-
Notifications
You must be signed in to change notification settings - Fork 43
Glossary
Some terms used when talking about payment solutions may need explaining:
The owner of a physical and/or online store.
A payment processing solution provided by a 3rd party.
Credit card details are entered in a form on the merchant's website. The payment transaction is handled through a server-to-server communication. An external website is never visited. This option will require extra security, such as SSL, and delicate handling of credit card details.
Credit card details are entered on 3rd-party provider's website. Merchant site never handles credit card details.
Payment is handled apart from any website, through a manual process. The status of payment must be updated by the merchant.
When talking about the various types of payment, eg PayPal, WireTransfer..