P2P processing terminology
These are the words this website uses. Other desks may use them differently. If a contract uses a word in another way, the contract wins.
| Term | Meaning on this site |
|---|---|
| Pay-in | A customer deposit on a local rail toward a merchant balance after matching. |
| Payout | Money sent out to a customer or payee. |
| Settlement | The merchant receiving cleared value, often USDT or a bank transfer. |
| Corridor | A country plus method pair, for example India + UPI. |
| Panel | A dashboard for orders. Not automatically a licence. |
| Trader | A verified person who can clear local methods for assigned flow. |
| Merchant | The business that owns the cashier and needs pay-in or payout. |
| Matching | Confirming that the paid amount and reference belong to that order. |
| T+0 | Same-calendar-day settlement as an operating target on standard corridors, as the homepage describes it. |
| PSP | Payment service provider: a technical and commercial layer, not the same sentence as “acquiring bank” or “RBI payment aggregator” unless a contract says so. |
Longer explainers: what P2P processing is, pay-in and payout, how settlement works.
P2P processing terms FAQ
Why keep a glossary if the FAQ exists?
FAQ answers questions. This page locks the words so later articles do not reuse pay-in, payout, and settlement as if they were the same step.
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