Category Archives for "Payments Lingo"

Shut Down By Paypal? Here’s What To Do Next

It’s one of the emails you hope to never receive. During your morning email check, you see that you’ve got an email from PayPal. And…your account is suspended. You can’t process any payments through PayPal, and if that’s the only payment gateway you’re using, that means you aren’t making any money. Obviously, you need to fix this, ASAP. First, let’s cover what to do if you’ve been suspended by PayPal and can’t accept payments in the meantime: Set up another payment gateway Your primary goal right now is to minimize your downtime and get back up and running. With that in mind, you need to set up another payment gateway and integrate it with your subscription billing tool. When you’re […]

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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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