Important terms related to Razorpay Recurring Payments.
Available in🇮🇳 India
The following table lists all the commonly used terms and their definitions used in Recurring Payments:
Term
Definition
Customer
The person for whom you are creating the recurring payment or authorisation transaction.
Order
Every payment should have an order associated with it. You must create a separate order for the authorisation transaction and every subsequent charge.
Authorisation Transaction
The payment made by the customer to authorise the selected payment method.
Authorisation Payment
One of the ways of collecting an authorisation transaction using the Razorpay Standard Checkout.
Registration Link
One of the ways of collecting an authorisation transaction using a link sent to the customer.
Token
When a customer’s selected payment method is authorised, a token is generated. A token represents mandate registration.
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