Glossary - Razorpay

Available in🇮🇳 India

The following table lists all the commonly used terms and their definitions used in the app:

Term	Description
Payment	Amount collected from customers through your website, app or using a Razorpay product such as Payment Links.
Settlement	Settlement is the process in which the money received from your customers is settled to your bank account. Settlements for all payments will be done in INR (Indian Rupees), irrespective of the currency in which the payment was made.
Refund	Customers may request a refund of the payments made for the products or services purchased or availed on your website or app.
Payment Links	Payment Links are URLs that you can send to your customers through SMS and email to collect payments from them.

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