GLOSSARY
Disbursement
Outbound payment from a platform to a recipient, such as payouts to merchants or gig workers.
A disbursement is a payout from a platform to a recipient (e.g., merchant settlements, gig worker earnings, refunds). Methods include bank transfers, real-time rails, or card push-to-debit.
Unlike peer-to-peer payments, disbursements are typically business-to-individual or business-to-business. Timing, fees, and risk checks (KYC/KYB) affect user experience and cost.
Related
Related terms.
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.