Explanations of financial terms and concepts
A protocol that increases security by providing authentication for online shopping.
The bank that accepts card transactions.
An interface for communication between different software applications.
The process of authorizing a transaction by the bank.
The first six digits of the card number identify the issuing bank and the card type.
Blocked POS is a type of POS offered by banks. Unlike deferred (valörlü) POS, your payments are deposited into your account in a blocked manner.
For example, let’s assume a transaction of 10,000 TL in 10 installments.
With deferred POS, the total amount (after commission deduction) is deposited into your account at once. However, with blocked POS:
1,000 TL is transferred to your account in 10 separate installments of 1,000 TL each.
In PCI-DSS certified Paywall environments, users’ card details are securely stored for future use. When making another payment, customers don’t need to re-enter their card information, ensuring a faster and more seamless payment experience
The secure storage of card information by replacing it with a token.
A refund request resulting from the customer’s transaction dispute.
Processes executed on the device, either in web browsers or mobile apps, are referred to as Client-Side.
An institution authorized to issue electronic money and provide payment services.
Codes that specify the reason for a transaction’s decline.
Companies that provide financing to consumers and offer payment plans.
Processes that detect and prevent fraud and fraudulent transactions.
An error that occurs when the payment gateway fails to respond.
The type of account used by merchants to accept payments.
Multiple Virtual POS is a structure that allows the use of more than one bank and/or payment institution simultaneously. This feature is one of the most valuable solutions of payment orchestration.
With Paywall, you can manage all your virtual POS systems from a single platform in real time, providing flexibility and efficiency in your payment operations. This structure also enables you to optimize your transactions by switching between different payment providers.
Support for accepting payments in multiple currencies.
The card belongs to a bank other than the one processing the transaction.
The public key used to encrypt data in asymmetric encryption methods.