Glossary

company number

The unique reference for the merchant/company. This number is assigned by the acquiring bank.

in real time

Instantaneously, immediately

installation ID

The unique reference number, assigned by Web-Merchant/WM, for a particular Select installation. This is the number you send to Web-Merchant/WM in your payment form. You will probably have at least two of these, one for the live installation and one for testing.

Merchant

A business that is using Web-Merchant/WM to facilitate the selling of its products/services.

Merchant ID

Web-Merchant/WM's unique reference number for your business.

orders page

The web page at which the shopper chooses the products/services to buy.

payment page

The web page at which the shopper chooses the payment method or enters credit/debit card details.

settlement currency

The currency in which a business can accept payment. The currency into which foreign currency payments are converted.

shopper

An individual who is using Web-Merchant/WM to buy products/services.

shopping system

The web pages at which the shopper chooses the products/services to buy.

Web-Merchant/WM

Secure server payments and multi-currency system

Web-Merchant/WM Select

Web-Merchant/WM Select is a version of the Web-Merchant/WM system that allows you to use Web-Merchant/WM's multi-currency and credit card authorisation system in conjunction with your own shopping system. The merchant's shopping system has its own order pages, but utilises Web-Merchant/WM's payment page.