Payment Glossary: 70+ Payment Terms and Definitions for 2026

Understand the language behind payments, approvals, and smart retries.

Learn our 70+ terms

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Decline
A payment decline happens when an issuer refuses an authorization request. For merchants, understanding soft vs hard declines helps recover revenue, reduce false declines, and improve checkout performance.
Decline
declined payment, transaction decline, authorization decline

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Retry Logic
Retry logic automatically resubmits eligible declined payments based on issuer response codes and timing rules, helping merchants recover revenue while avoiding unnecessary network fees.
Retry Logic
payment retries, intelligent retries, automated payment retries