Glossary
API Key
Authentication
European Economic Area (EEA)
Financial Conduct Authority (FCA)
ISO country codes
ISO currency codes
Merchant
Merchant Account Number
Merchant Onboarding process
Merchant Support team
NETELLER Merchant Dashboard
Payment
Payment Handle
Pending Transaction
Standalone Credit
Transaction
API Key
A key used to authorize and authenticate transactions.
Authentication
Security checks performed to verify the identity of a customer, merchant, website or entity.
European Economic Area (EEA)
The European Economic Area is an agreement (established in 1992) that allows non-EU countries (Iceland, Liechtenstein and Norway) to participate in the European Market trade and enables movement without having to apply to be one of the EU member countries.
Financial Conduct Authority (FCA)
Organization that took over the role of the Financial Services Authority (FSA) in regulating the activities of financial organizations operating in the UK.
ISO country codes
3-digit country code of the International Standards Organization (ISO) that identifies the country. For example, GBR for United Kingdom. ISO country codes also exist in a 2-digit format.
ISO currency codes
3-digit currency code of the International Standards Organization (ISO) that identifies the currency. For example, GBP for British Pound.
Merchant
Paysafe customer (legal or natural person) using their Paysafe solution to receive payments for products or services they provide.
Merchant Account Number
A number used to identify a merchant within an HTTP request. Retrieve the number from the NETELLER Merchant Dashboard.
Merchant ID (MID)
The NETELLER merchant identifier.
Merchant Onboarding process
Process of signing up and verifying a merchant. This involves a number of teams in Paysafe, including sales and risk and compliance.
Merchant Support team
Paysafe team responsible for providing technical and service support to merchants.
NETELLER Merchant Dashboard
This is the portal where a merchant can view and manage their account settings and transactions (https://merchant.neteller.com/).
Payment
Payment – A Payment is a transfer to merchant's wallet from a customer’s wallet. This is also referred to as Deposit/PayIn/TransferIn.
Payment Handle
A Payment Handle is a token that represents a payment method that you set up for a customer.
Pending Transaction
A transaction in which the payment system is waiting for a confirmation, an input or customer action.
Standalone Credit
A Standalone Credit is a transfer from the merchant's wallet to a customer's wallet. This is also referred to as Payout/Withdraw/TransferOut.
Transaction
Each financial interaction with the Paysafe Payment Platform is referred to as a transaction. Transactions are linked to payments.
