Glossary

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Debit card payments directly deduct the purchase amount from the customer's bank account. Debit cards are also widely accepted and are often used by customers who prefer not to accrue credit card debt.

Related Glossaries

Payment failure

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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GST number

A GSTIN, which stands for Goods and Services Tax Identification Number, is a unique identification number consisting of 15 digits that is assigned to every taxpayer, including dealers, suppliers, and other business entities, that is registered under the GST regime.

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RTO out for delivery

The RTO shipment is out for delivery back to its origin.

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COD collection fee

This is the fee assocaited with collection of cash at the time of delivery levied by courier partners.This fee is used to incentivise delivery executives to collect and safegaurd funds collected at the time of delviery and is also used to cover the charges incurred by courier partners in facilitating collection either via electronic means or hard cash, safegaurding these funds and processing them for remittance. This is usually calcaulted as the maximum of a fixed value or a percetnage of the amount collected

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