When you pay, you give money in return for something. It's not always money, though. If your brother says, “You'll pay for this!” after you snooped in his. An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it. Payment method's definition and meaning. What is a payment method? A payment method is a way that customers pay for a product or service. Make payment means transfer, transmittance, transmittal, delivery or exchange of money, currency, check, debit, credit or bank transfers. PAY definition: 1. to give money to someone for something you want to buy or for services provided: 2. If. Learn more.
The term “payment instrument” means a check, draft, warrant, money order, traveler's check, electronic instrument, or other instrument, payment of funds, or. Payment is the transfer of money for goods or services from one party to another, or to satisfy a legal obligation. Payment can take a wide variety of forms. Payment is the process of either giving money to someone, or of receiving money from someone. If you borrow money to buy a car, you'll be expected to make a. A server that redirects a customer browser from a merchant's website to a different location for payment processing during an ecommerce transaction. ECC. Payment. The fulfillment of a promise; the performance of an agreement. A delivery of money, or its equivalent in either specific property or services, by a. 1[uncountable] payment (for something) the act of paying someone or something or of being paid payment in installments/in advance/by check/in cash There. 1. something that is paid; an amount paid; compensation; recompense 2. the act of paying 3. reward or punishment; requital. A payment date is the day when money is due to be paid. This could be for things like bills, loans, or even when you get paid for a job you did. It's important. PAYMENT meaning: 1: the act of giving money for something the act of paying; 2: something that is given to someone in exchange for something else. Payments process refers to the action of conducting transactions between two parties. A payment processor is an intermediary linking merchants, customers, and.
Find the legal definition of PAYMENT from Black's Law Dictionary, 2nd Edition. The performance of a duty, promise, or obligation, or discharge of a debt or. Payment is the exchange of money, goods, or services for goods and services in an acceptable amount to both parties and has been agreed upon in advance. You can. A payment is the tender of something of value, such as money or its equivalent, by one party to another in exchange for goods or services provided by them. Its purpose is to assist payment service providers (PSPs) in determining which of the accounts they offer fall within the definition of a 'payment account' in. 1. a: to make due return to for services rendered or property delivered paid the pizza deliverer b: to engage for money: hire You couldn't pay me to do that. Payment information's definition and meaning. What is payment information? Payment information is the data that is required for customers to make a purchase. Payment is the performance of an obligation to pay money. A person under such an obligation is called a debtor, and a person to whom the obligation is owed is. payment an amount of money that you pay or are expected to pay; the act of paying: · premium an amount of money that you pay once or regularly for an insurance. to settle (a debt, obligation, etc.), as by transferring money or goods, or by doing something: Please pay your bill.
A payment gateway is the front-end technology that reads payment cards and sends customer information to the merchant acquiring bank for processing. noun · something that is paid; pay; an amount paid; pay; compensation; recompense. · the act of paying. pay. · reward or punishment; requital. The Payment Application Screen processes formal written requests for payment by a contractor for work completed on a construction contract. Payments made by a second-party payment process—Definition. (1) For the purposes of this section, "second-party payment process" means a process in which. Pay definition: To give money to in return for goods or services rendered.
The Balance of Payments Explained