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Glossary

Ledger

System of record that tracks debits and credits for balances, payouts, and fees.

E-Commerce

A ledger records debits and credits for accounts such as customer balances, disbursements, refunds, and fees. Ledgers provide auditability and prevent double-spend by enforcing ordered postings and invariants.

Payment platforms often ledger holds, settlements, and reserves, then export to accounting tools. Accurate ledgers simplify tax (e.g., VAT) and reconciliation with processors and banks.

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Related terms

Keep learning with these nearby definitions.

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.
Ledger