Glossary

Familiarize yourself with key terms and concepts.

TERM	DEFINITION
Connected account	An account linked to a parent account. For software platforms accounts, connected accounts represent their merchants, while for reseller accounts, connected accounts include both their software platforms and merchants.
Merchant	A business using a software platform to manage their operations and process payments.
Metadata	Allows you to attach key-value pairs to Paydude objects, providing additional structured information about Account, Customer, Payment Intent, Refund, and Subscription objects.
Partner	A software platform leveraging Paydude for its payment capabilities.
Payment intent	A payment intent represents the entire lifecycle of a payment, from initiation to completion or cancellation.
Payout	Funds deposited or withdrawn from a merchant’s bank account.
Pricing template	Used to onboard new merchants and update pricing for existing merchants, the pricing template stores key pricing details related to a payment method.
Reseller	An organization managing a portfolio of software platforms and their associated merchants.
SaaS account	A software platform’s merchant account that is typically used to bill their customers for SaaS fees.
Settlement	The process by which authorized payments are batched and sent for processing by the card networks for clearing and funding.