Glossary
Short, plain explanations of the terms you meet when buying game keys, gift cards and paying online.
C
- Chargeback
- A forced return of a card payment initiated by the cardholder’s bank.
E
- E-wallet
- An online account that stores money and pays without entering card details each time.
P
- Payment gateway
- A service that passes card and other payments between a shop and the banks.
- Payment service providerPSP
- A company that lets merchants accept many payment methods through one contract.
R
- Rolling reserve
- Part of a merchant’s revenue held by the payment provider for months to cover chargebacks.
S
- Stablecoin
- A cryptocurrency pegged to a fiat currency such as the US dollar.
#
- 3-D Secure3DS
- An extra check of an online card payment, usually a code or a bank app confirmation.