Glossary

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Payment methods in e-commerce refer to the various ways customers can pay for products or services they purchase online. Offering a variety of payment options is crucial for e-commerce businesses to accommodate the preferences and needs of their diverse customer base.

Related Glossaries

AWB

Airway bill is referred to as AWB. When a specific consignment is transported via a courier firm, typically by air, an airway bill serves as the bill of lading. The logistics provider or air carrier that is picking up your package to deliver it to the customer issues an AWB. AWB also acts as proof that the transporter actually received the items since it's a legal agreement enforceable by law. An AWB can be used to calculate several characteristics of a shipment, including the status of delivery, the present location of the shipment, bookings, etc. It should also include the shipper's name and address, the consignee's name and address, the destination airport, and value of contents.

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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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PAN card

The Permanent Account Number, or PAN, is a method of identifying taxpayers in the country. The PAN card is a unique alphanumeric identification number, consisting of 10 digits that are assigned to Indian citizens, particularly those who are required to pay taxes.

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Dangerous Goods

Dangerous goods refer to certain hazardous goods that the secretary of transportation has recognized as dangerous and are capable of imposing a threat to health, safety, and property while being shipped. Most courier firms ban the shipment of certain items because of the nature of the goods. These items must be carried with extreme caution and must be declared prior to shipment. Some harmful commodities are forbidden from shipping by one or more modes of transportation. Because of their chemical or physical qualities, certain commodities are designated as DG goods. Crackers, gases, flammable liquids, corrosive substances, and so on are examples.

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