# Glossary

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⏱ 5 min
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👤 Merchant Onboarding Team (Marcel K.)
Information on wordings which are used by Ratepay.

| Wording EN | Wording DE | Abbreviations | Definition |
|  --- | --- | --- | --- |
| Additional agreement,Supplementary agreement | Zusatzvereinbarung | ZVB | A contractual extension or amendment to the existing agreement between the merchant and Ratepay. |
| [Authorize](/apis/payment/openapi/payment_api/transaction-management/createtransaction) | Autorisierung | - | Payment API v2: A request to authorize a transaction. This triggers the risk and credit assessment based on buyer and basket data. |
| Basket,Cart | Warenkorb | - | The collection of items, prices and discounts included in a transaction. Basis for authorization / Payment Request. |
| [Capture](/apis/payment/openapi/payment_api/capture/capturetransaction) | Capture,Auslieferungsmeldung,Versandmeldung | - | Payment API v2: Notification to Ratepay that goods (fully or partially) have been shipped. This activates the claim towards the buyer. |
| [Cancel](/apis/payment/openapi/payment_api/cancellation) | Stornierung | - | Payment API v2: Cancellation of authorized but not yet captured amounts or items. |
| [Confirmation Deliver](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/follow_up_operations/confirmation_deliver) | Auslieferungsmeldung,Versandmeldung | CD | Payment API v1: Notification to Ratepay that goods were shipped. This triggers activation of the claim. |
| [Credit](/docs/developer/api_integration/payment_1.8/payment_change_logic/goodwill_refund/alternative_solution#alternative-credit) | Erstattung,Gutschrift | - | Payment API v1: Creation of a refund item. Ratepay transfers the refunded amount back to the buyer. |
| Date of Birth | Geburtsdatum | DoB | The buyer’s date of birth, used for risk, credit, and identity checks. |
| Different delivery address,Deviating delivery address | Abweichende Lieferadresse | ALA | The delivery address differs from the billing address. Considered a relevant risk indicator & needs a contractual agreement. |
| Direct Debit | Lastschrift | DD,SDD | Payment method where Ratepay collects the amount from the buyer via SEPA direct debit. |
| Dunning | Mahnung | - | Process of sending reminders and payment notices to buyers who are in default. |
| Enterprise resource planning | Warenwirtschaft | ERP,WaWi | A software system used by merchants to manage core business processes such as inventory, orders, logistics, product data, accounting, and warehousing. Often integrated with Ratepay to exchange order, delivery, and payment information. |
| [Hosted Payment Page](/docs/developer/hosted_payment_page/introduction) | Hosted Payment Page | HPP | A Ratepay-hosted checkout page through which the payment process is executed. |
| [Incremental authorization](/apis/payment/openapi/payment_api/incremental-authorization/incrementalauthorizationtransaction) | Forderungserhöhung | - | Payment API v2: Increase of a previously authorized transaction amount, e.g., when additional items are added. |
| Installment | Ratenzahlung | - | Payment method where the buyer pays the claim in monthly installments. |
| Mail Order Telephone Order,Backend Orders | Mailbestellungen,Telefonbestellungen | MOTO | Order type where the buyer submits their payment and order details via mail or telephone. The merchant manually enters the data into the backend system on behalf of the buyer. |
| [One Time Passcode](/docs/developer/otp/introduction) | Einmal-PIN | OTP | Payment API v2: Two-factor verification via SMS used for certain authorizations. |
| [ORCA](/docs/orca/english_version/welcome_to_orca) | ORCA | - | Ratepay’s merchant portal for viewing transactions, reports, settlement details, and operational data. |
| Pay in 3 | Zahle in 3 Raten | PI3 | Payment method where the buyer pays the claim in 3 monthly installments. |
| [Payment Change](/docs/developer/api_integration/payment_1.8/payment_change_logic) | Payment Change | PCh | Payment API v1: Change request for an existing transaction (e.g., modifications to the basket). |
| [Payment Confirm(ation)](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/place_order/payment_confirmation) | Payment Confirm | PC | Payment API v1: Confirmation of a transaction (handshake) after a Payment Request has been submitted. |
| [Payment Init(ialization)](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/place_order/payment_initialization) | Payment Init | PI | Payment API v1: Request to generate a transaction ID for subsequent steps. |
| [Payment Request](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/place_order/payment_request) | Payment Request | PR | Payment API v1: Request to authorize a transaction. Initiates risk assessment. |
| Payment Service Provider | Payment Service Provider | PSP | A service provider that handles technical payment processing and offers payment methods to merchants. |
| [Refund](/apis/payment/openapi/payment_api/refund/refundtransaction) | Erstattung,Gutschrift | - | Payment API v2: Refund of previously captured amounts or items. Ratepay transfers the amount back to the buyer. |
| Risk assessment | Risikoprüfung | - | Evaluation of buyer, address, transaction, and behavioral data to determine transaction eligibility. |
| Settlement | Auszahlung | - | Transfer of accumulated merchant revenues from Ratepay to the merchant. |
| Shop ID | Shop ID | - | Ratepay identifier for a shop entity |
| Single Euro Payments Area | Single Euro Payments Area | SEPA | A unified Euro payments area for cashless transactions such as direct debits, transfers, and card payments. |