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.

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