Glossary

The words of card payments, as the gjold docs use them.

Term	Meaning
Acquirer	Your bank for card payments, which sends them to the card schemes and pays the money out to you. See How payments work.
Authorization	The issuer's approval of a payment, which holds the amount on the payer's account until you capture it. See Authorizations.
Capture	Taking the money that an authorization holds, or part of it. See Captures and refunds.
Card scheme	Visa, Mastercard, Dankort, and the like, which connect issuers and acquirers and set the rules for card payments.
Chargeback	A payment that the payer's bank takes back after the payer disputes it. See Chargebacks.
CIT	A customer-initiated transaction: a payment that the payer makes themselves. See Stored credentials.
Clearing	The exchange between acquirer and issuer, through the scheme, that turns a capture into a movement of money.
Issuer	The payer's bank, which issued their card and decides whether to approve each payment.
Liability shift	The move of the loss from a fraudulent payment from you to the issuer, when the payer authenticated it with 3-D Secure.
MIT	A merchant-initiated transaction: a charge that you make on a stored credential, without the payer. See Stored credentials.
Partial authorization	An issuer's approval of less than the amount asked for, which gjold declines. See Authorizations.
Payment link	A URL to the payment window, for one payment, which you create through the API.
Payment window	Our page, on pay.gjold.com, where the payer pays. See The payment window.
PCI DSS	The card industry's security standard for handling card numbers. See PCI DSS.
Refund	Giving back money that you captured, to the card it came from.
SCA	Strong customer authentication, which PSD2 requires for most payments that the payer makes online. See 3-D Secure.
Settlement	The acquirer's payout of what you captured, less its fees.
Stored credential	A payer's card, saved so that you can charge it later. The API calls it a subscriber.
3-D Secure	The protocol by which the issuer authenticates the payer of an online card payment. See 3-D Secure.
Void	Releasing an authorization before anything of it is captured, so that the payer gets the held amount back.