Glossary
This glossary provides key terms from the payments industry, simplifying the complexities of payment processes for you.
Term
Simple defination
Payment Processor
A helper for businesses to accept card payments.
Pre-Arbitration
Before the final step in a chargeback fight.
Preauthorization
A hold on funds before the purchase is finalized.
Primary Account Number (PAN)
A unique number on payment cards identifying the card issuer and account holder.