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