Ecommerce Glossary

Chargeback

A refund for a credit card charge which is forced by the credit card company.
 

Ecommerce

The exchange of goods or services over the Internet.

Gateway Provider

A gateway provider acts as a link between a website, credit card companies and a merchant account.
 

Merchant Account

A special bank account which serves as a receptacle for funds received from credit card transactions.

Shopping Cart

Ecommerce software which enables merchants to sell goods or services online.