Selling online.
PAYMENT GATEWAY
The service processing card and other payments.
MERCHANT ACCOUNT
The account through which payments are settled.
CHECKOUT
The process a customer completes to place an order.
CART ABANDONMENT
A customer adding items and leaving without purchasing.
WEBHOOK
A notification sent from one service to another when something happens.
In shops, how the gateway tells your site a payment succeeded.
SETTLEMENT
The transfer of collected funds to your account.
CHARGEBACK
A payment reversed at the cardholder's request.
SKU
A code identifying a specific product variant.
FULFILMENT
Getting the order to the customer.
REFUND
Returning payment for an order.
SUBSCRIPTION
A recurring charge for continuing access or supply.
DUNNING
The process of retrying and chasing failed recurring payments.
