Glossary
Familiarize yourself with key terms and concepts.
| TERM | DEFINITION |
|---|---|
| Connected account | An account linked to a parent account. For partner accounts, connected accounts represent the partner's merchants, while for reseller accounts, connected accounts include both the reseller's partners and their merchants. |
| Merchant | A business using a partner's software to manage their operations and process payments. |
| Metadata | Allows you to attach key-value pairs to objects, providing additional structured information about Account, Customer, Payment Intent, Refund, and Subscription objects. |
| Partner | A software platform leveraging for its payment capabilities. |
| Payment intent | A payment intent represents the entire lifecycle of a payment, from initiation to completion or cancellation. |
| Payout | Funds deposited or withdrawn from a merchant’s bank account. |
| Pricing template | Used to onboard new merchants and update pricing for existing merchants, the pricing template stores key pricing details related to a payment method. |
| Reseller | An organization managing a portfolio of software platforms and their associated merchants. |
| SaaS account | A partner’s merchant account that is typically used to bill their customers for SaaS fees. |
| Settlement | The process by which authorized payments are batched and sent for processing by the card networks for clearing and funding. |