Choose the best suitable definition to the following words



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SHOPPING CART_______________________

A shopping cart allows visitors of an Internet site to select items for eventual purchase and provides online retailers a complete solution to run their online shop.

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.

A method of calculating credit card interest using the sum of each day’s balance on a credit card, divided by the number of days in the billing cycle

TRANSACTION___________________________

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.

A statement of transactions over a specific period of time. The statement usually includes the balance on an account at the end of the statement period.

A shopping cart allows visitors of an Internet site to select items for eventual purchase and provides online retailers a complete solution to run their online shop.

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

TRANSACTION CURRENCY__________________

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

A method of calculating credit card interest using the sum of each day’s balance on a credit card, divided by the number of days in the billing cycle

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.

A statement of transactions over a specific period of time. The statement usually includes the balance on an account at the end of the statement period.

TRANSACTION DATE_______________________

The actual date on which a transaction occurs. Used in recording and tracking transactions

A shopping cart allows visitors of an Internet site to select items for eventual purchase and provides online retailers a complete solution to run their online shop.

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

The actual date on which a transaction occurs. Used in recording and tracking transactions

TRANSACTION FEES_______________________

Service costs charged to a merchant on a per-transaction basis.

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

The actual date on which a transaction occurs. Used in recording and tracking transactions

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

TRANSACTION ID_________________________

A unique identification value assigned to each transaction processed through the payment gateway. This ID may be used to search for or to sort transactions.

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.

A statement of transactions over a specific period of time. The statement usually includes the balance on an account at the end of the statement period.

A shopping cart allows visitors of an Internet site to select items for eventual purchase and provides online retailers a complete solution to run their online shop.

VOID TRANSACTIONS______________________

Transactions of this type are used to cancel original charge transactions that have not yet been submitted for batch settlement and are different from a refund. No money was actually transmitted to the merchant from the cardholder account.

A shopping cart allows visitors of an Internet site to select items for eventual purchase and provides online retailers a complete solution to run their online shop.

The actual date on which a transaction occurs. Used in recording and tracking transactions

Currency in which a transaction is performed such as Dollars, Euro, British Pound.

Account balance__________________________

The amount of money in an account at a specific point in time.

Routine payments made electronically from a banking account to a specific vendor. Banks provide this service as part of broader online banking services

Cash taken out (withdrawn) from a line of credit or credit card. Cash advances often carry a higher interest charge than regular purchases

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.


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