Glossary
List of commonly used terms related to Razorpay Magic Checkout.
The following table lists all the commonly used terms and their definitions used in Magic Checkout:
| Terms | Description |
|---|---|
| Magic Checkout | A seamless and secure payment experience that enables prepaid and COD transactions on your platform. It reduces cash on delivery (COD) RTOs by analysing customer shopping history and address quality. |
| RTO | Return to Origin refers to returning an order to its place of origin for reasons such as non-delivery or customer rejection. |
| COD Intelligence | A feature that analyses COD orders to reduce fraud and improve the efficiency of COD transactions. |
| Logistics Partners | Organisations that provide shipping and delivery services for e-commerce businesses to streamline the order fulfilment process. |
| Coupon Code | A code that customers can use during checkout to apply a discount or special offer to their purchase. |
| Blocklist | A list of users prohibited from availing COD as they return products on delivery, resulting in damaged products during transit, high returns, and refund issues. |
| Allowlist | A list of users explicitly permitted to avail COD, often loyal to your brand and contributing to increasing revenue. |
| Prepaid | This refers to a payment method where the customer pays for goods or services before receiving them, as opposed to COD, where payment is made upon delivery. |
| Convert COD to Prepaid | The process of changing a COD order to a prepaid order is often done to reduce the risk associated with COD transactions. |
| Risky Users | The users flagged as potentially fraudulent or high-risk based on factors such as past behaviour or transaction patterns. |
| Billing Address | The address associated with a payment method used for verification and billing purposes during checkout. |
| Inactive Coupon | A coupon code that is no longer valid or usable, often because it has reached its usage limit or has been manually deactivated. |
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