Payments

Payments terms in the platform glossary.

13 articles

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All articles in Payments

Refunded The status the platform records on an order, ticket or payment when Stripe reports that money was re...
Chargeback The reversal of a card payment by the cardholder's bank after a dispute, which takes the amount, and...
Dispute A cardholder's challenge to a charge, raised with their bank. Stripe reports it with a status such a...
Past due The status of a membership whose latest renewal payment has failed. Stripe retries the charge; the m...
Recurring payment A charge that repeats on a schedule without the party paying again by hand, such as a monthly member...
Processing fee Stripe's own charge for processing a card or wallet payment. It is separate from the platform fee, a...
Receipt The confirmation a party receives by email and text after every paid sale, with the business's name,...
Capture Turning an authorization hold into a charge, so the reserved amount moves from the cardholder to the...
Authorization hold A card-industry step in which the card issuer reserves an amount on a cardholder's card without movi...
Wallet payments Paying with Apple Pay or Google Pay instead of typing card details. The embedded checkout accepts wa...
Embedded checkout A payment form shown inside the business's storefront page, so a party pays without being sent to an...
Direct payments Money from paid bookings, storefront orders, memberships and tickets charged on the business's own c...
Payment agreement The agreement a business e-signs before it takes money through the platform. It states the platform...