Glossary Archives | Starting Business

Web Analytics

Web analytics refers to the format of analyzing and evaluating internet data such as website user activity. The purpose of web analytics serves to provide companies with the necessary research tools to understand their website activity…

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Web Host

A web host is an internet hosting business which offers server space to other websites in order to make them accessible on the World Wide Web. This makes websites visable online and is generally controlled in a server farm…

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Refund Fee

A refund fee is a fee imposed by a 3rd party payment processor or other credit card company to a retailer where a refund has been made to the customer/purchaser. A refund fee is payable by the credit card …

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Refund Transaction

A refund transaction is the process by which a payment is refunded or paid back to the purchaser. A refund transaction typically occurs where a buyer is not satisfied with their purchase or wishes to cancel their order…

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Zen Cart

Zen Cart is an online shopping cart software. Zen Cart is available for free under the GNU General Public License and comes in a range of languages […]

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Merchant ID

A Merchant ID is an electronic ID number and refers to an account number of the associated merchant bank the account is registered to. The account number or merchant ID is important to obtain for the purposes of enabling companies to accept and process credit card payments. The […]

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Merchant Processor

A merchant processor refers to a company that provides services for handling credit card transactions and data processing systems on behalf of a merchant […]

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PCI Compliance

PCI stands for the payment card industry. PCI compliance refers to the payment card industry data security standard (PCI DSS) and is the process by which information is stored and assembled by the PCI Security Standards Council. PCI standards were created for the payment card industry in a […]

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Online Retailer

An online retailer is a merchant which provides its services and products via an online platform such as an e-commerce website as opposed to selling their goods in a high street store. An example of an online retailer is Amazon, the online bookstore. Online retailers are gaining […]

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Online Shopping

Online shopping refers to the process of purchasing goods through e-commerce websites. Online shopping enables customers to browse online and view products and services offered by their chosen retailer before then having the opportunity to buy the goods. Purchasing goods online will be achieved by paying with […]

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