E-commerce terms in plain language

8 terms · in Payments · Show all terms

0-9

• 3-D Secure

  3-D Secure (3DS) is an extra authentication step in an online card payment. The card issuer confirms that the person paying is the cardholder, usually with a…

  Payments

B

• BIN (Bank Identification Number)

  A BIN (Bank Identification Number) is the first six digits of a payment card number, extended to eight under newer card scheme rules. It identifies the issuing…

  Payments

C

• Chargeback

  A chargeback is a forced reversal of a card payment that the cardholder starts through their bank, usually claiming fraud, non-delivery, or a product not as…

  Payments

I

• Installment (Taksit)

  An installment (taksit) is a card payment split into several monthly charges by the card issuer, while the merchant receives the full amount from the payment…

  Payments

P

• Payment Gateway

  A payment gateway is the service that carries a card payment from a store's checkout to the bank and returns the result. It handles authentication such as 3-D…

  Payments

• PCI DSS SAQ-A

  PCI DSS is the card industry's security standard for any business that handles card payments, and SAQ-A is its shortest self-assessment questionnaire. SAQ-A…

  Payments

T

• Tokenization

  Tokenization replaces a card number with a random token issued by the payment provider, so a merchant can charge a saved card later without ever storing the…

  Payments

V

• Virtual POS (Sanal POS)

  A virtual POS (sanal POS) is the online equivalent of a card terminal: a bank or payment provider account that lets a website accept card payments. Turkish…

  Payments