Glossary

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Credit Period refers to the timeframe extended by suppliers to customers within which customers are required to payback the cupplier for services already rendered

Related Glossaries

Consignor

A consignor is an individual or business that entrusts goods, products, or assets to another party, known as the consignee, for the purpose of sale, transport, or other specific arrangements.

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Payment failure in e-commerce refers to a situation where a customer's attempt to make a payment for a product or service on an online store is unsuccessful or declined. Payment failures can occur for various reasons, and they are a common challenge that e-commerce businesses need to address to ensure a smooth and successful transaction process.

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Add to Cart

Just like customers put selected items to buy in a shopping cart at a brick and mortar store, an online shopper puts it in add to cart. It is before the final step in the purchasing process, i.e. the checkout.

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Discount Integration

Integrating discount on the website allows shoppers to easily access the predefined offers via dicount coupon

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