This is a draft cheat sheet. It is a work in progress and is not finished yet.
Rails Architect MasterClass, Payment vocabulary
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ACQUIRER An entity (company) that is responsible for processing and settling payments, also pays out earned money to merchants
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PAYMENT SERVICE PROVIDER (PSP), PAYMENT GATEWAY An entity (company) that provides the ability to accept payments for merchants by offering API access and/or web interface
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MERCHANT An entity (company) that accepts payments in exchange for some goods or services
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CARDHOLDER An end-customer that uses their card to pay for some goods or services
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ISSUER An entity that issues a card to a cardholder
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Rails Architect MasterClass, Payment vocabulary (c
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ACQUIRER An entity (company) that is responsible for processing and settling payments, also pays out earned money to merchants
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|
PAYMENT SERVICE PROVIDER (PSP), PAYMENT GATEWAY An entity (company) that provides the ability to accept payments for merchants by offering API access and/or web interface
|
|
MERCHANT An entity (company) that accepts payments in exchange for some goods or services
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CARDHOLDER An end-customer that uses their card to pay for some goods or services
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ISSUER An entity that issues a card to a cardholder
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