Category Archives for "Payments Lingo"

Payment Terms Defined

Demystifying the Payment Terms You Need to Know

Not a day goes by that we don’t encounter some confusion around the payments industry language. What complicates things is that many of these payment terms can have multiple meanings, depending on the context. This article provides a foundation and explains how we understand these words. Having a basic understanding of these terms and how many of these pieces fit together will help you better understand what you need from a subscription billing software. Have a term you’re curious about? Leave a comment and we’ll add it to this list. Payment Terms Cardholder: Typically this is your customer, who has the payment card. Gateway: A software that transmits transaction requests to another gateway, or a processor, on behalf of a […]

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