# Glossary

## List of related terms

\**authorization* - an aggregation of multiple transactions for a single order. 

**APMs** - Alternative Payment Methods such as Apple Pay, Google Pay, and other local accounts can be integrated into your checkout to increase conversion rates.

**Buyer** - A buyer is a party on the platform that acquires products or services from the vendor. Buyers can be businesses or consumers. 

**Embedded** - A type of integration in which a UNIPaaS product or feature is integrated into your admin and systems. 

**Account** - An account is a virtual location where funds are collected and stored. You can pay into an account, withdraw funds from it, or transfer funds from one account to another. 

**Hosted Solution** - A solution managed by UNIPaaS inside a dedicated portal interface. 

**Managed Solution** - A product suite equipped with all features that UNIPaaS manages. Little to no integration efforts are required from the merchant side. 

**Payable Balance** - This is the amount a vendor or a platform can withdraw from their account.  

**Payment Processing Fee** - A fee collected by UNIPaaS for each transaction to cover fees along the money flow process. 

**Pay by Bank**- A payment method in which a buyer can pay directly from their bank account, with an easy to use flow and low costs.  This method is part of the open banking network. 

**Pay-in** - Payment acceptance, insert money to an account.  

**Payouts** - Settle, take money out of the account. 

**Platform/Digital Platform** - An online platform on which businesses or individuals sell products or services to third parties. 

**Platform Fee** - A fee is a designated amount of money determined by the platform collected from vendors. This fee can be configured per vendor and taken at checkout - from Pay-in flow, Payout flow, or both. 

**Recurring** - A transaction made as part of a sequence, a subscription.

**Reserved Balance** - A small percentage of your account balance set aside to cover potential disputes

**UNIPaaS Portal** - A descriptive name for the UNIPaaS admin panel on which you can manage your marketplace and vendors, view reports, account, and perform payouts.  

**Vendor** - A vendor is a seller on a platform that sells products or services. Vendors are also commonly referred to as sub-merchants.