Payment Glossary: 70+ Payment Terms and Definitions for 2026
Understand the language behind payments, approvals, and smart retries.
Learn our 70+ terms
Understand the language behind payments, approvals, and smart retries.
A backoff algorithm spaces failed payment retries over time instead of sending them immediately. Used well, it helps recover revenue, avoid false fraud signals, and control retry costs.
Backoff Algorithmretry backoff, payment retry pacing, decline retry logic