| Chargeback |
A refund initiated by the issuing bank for a disputed charge on a credit card. |
| Cryptocurrency |
A digital or virtual currency that uses cryptography for security. |
| Digital Currency |
A form of currency that is available only in digital form, without a physical counterpart. |
| Digital Wallet |
An electronic system that stores payment information and passwords for numerous payment methods and websites. |
| E-Commerce |
The buying and selling of goods and services over the internet. |
| Fraud Prevention |
Measures taken to reduce the risk of fraudulent activities in online transactions. |
| Merchant Account |
An account that allows businesses to accept payments via credit or debit cards. |
| Mobile Wallet |
A digital wallet that allows users to make transactions using their smartphones. |
| Payment Gateway |
A service that authorizes credit card or direct payments for online businesses. |
| Paypal |
An online payment platform that supports online money transfers and serves as an electronic alternative to traditional payment methods. |
| Recurring Billing |
A system that allows businesses to automatically charge customers on a predetermined schedule. |
| Shopping Cart |
A software application that enables customers to add products and proceed to checkout for payment. |
| Two-Factor Authentication |
An extra layer of security used to ensure that people trying to gain access are who they say they are. |
